Rebound After a Weak Start
Sector-Specific Divergence in the Market
On July 7, both the KOSPI and KOSDAQ markets closed with slight gains. Amid tariff uncertainties, sector-specific divergence and a wait-and-see atmosphere prevailed in the markets.
On this day, the KOSPI finished trading at 3,059.47, up 0.17% from the previous session. The index opened at 3,044.78, down 0.31% from the previous close, fluctuated throughout the session, and maintained an upward trend in the afternoon. Individual investors led the rally with net purchases of 152.7 billion won, while foreign investors and institutions sold 91.5 billion won and 83.5 billion won, respectively.
By industry, Food·Beverage·Tobacco (3.41%), Machinery·Equipment (2.54%), Insurance (1.94%), IT Services (1.58%), Textiles·Apparel (1.38%), Finance (1.37%), Securities (1.11%), and Metals (1.02%) posted gains. In contrast, Telecommunications (-1.27%), Electrical·Electronics (-1.19%), Medical·Precision Instruments (-1.06%), Electricity·Gas (-0.95%), and Non-metallic Minerals (-0.94%) declined.
Among large-cap stocks, SK Hynix (0.18%), LG Energy Solution (1.45%), KB Financial Group (2.05%), Naver (2.81%), Doosan Enerbility (4.83%), and Celltrion (0.45%) rose, while Samsung Electronics (-2.53%), Samsung Biologics (-0.87%), and Hyundai Motor (-0.95%) fell.
On the same day, the KOSDAQ closed at 778.46, up 0.34% from the previous session. The index started at 774.19, down 0.21% from the previous close, but extended its gains in the afternoon. Foreign investors bought 132.9 billion won, while individuals and institutions sold 56 billion won and 72.4 billion won, respectively.
Sector-specific divergence was evident. Food·Beverage·Tobacco (1.37%), Telecommunications (1.32%), Pharmaceuticals (0.64%), Distribution (0.57%), IT Services (0.53%), and Medical·Precision Instruments (0.52%) advanced, while Machinery·Equipment (-1.23%), Construction (-1.18%), Finance (-1.09%), Electrical·Electronics (-0.94%), and Paper·Wood (-0.93%) declined.
Among the top KOSDAQ stocks by market capitalization, Alteogen (11.05%), PharmaResearch (4.97%), Peptron (3.60%), Legochem Bio (0.17%), and Classys (0.34%) showed strong performances, while Ecopro BM (-3.65%), HLB (-0.91%), Ecopro (-3.52%), Rainbow Robotics (-1.87%), and Hugel (-0.83%) closed lower.
Kim Jiwon, a researcher at KB Securities, analyzed, "Shipbuilding, defense, and nuclear power stocks, which underwent corrections last week, rebounded and led the index, while semiconductor, secondary battery, and automobile stocks were weak." He added, "With the scheduled expiration of the tariff suspension on July 8, volatility is expected to increase depending on whether the suspension is extended or renegotiated. Although tensions are likely to persist, the perception that some of the risks have already been priced in suggests that the impact may be limited."
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