NAVER (035420) closed firmly unchanged on the Korea Exchange (KRX) on July 16, defending the 190,000-won level. With the market closed on July 17 for Constitution Day, investors are focused on the stock market's direction on Monday, the first trading day after the holiday.

According to the Korea Exchange (KRX), NAVER finished the session at 190,000 won, up 400 won (0.21%) from the previous trading day. However, in the NextTrade (NXT) market after the regular session close, it settled at 189,700 won, slipping back below the 190,000-won level.

As the domestic stock market will be closed for one day on July 17, overseas market movements during the holiday period could influence domestic investor sentiment. In particular, the U.S. New York stock market closed broadly lower on July 16 (local time), led by a sell-off in technology and semiconductor stocks. The weakness in semiconductor shares dragged down both the Nasdaq and the S&P 500 indices.

Accordingly, the prevailing view is that NAVER's stock price could also be influenced by changes in investor sentiment toward U.S. tech stocks and broader global market trends when trading resumes on the next trading day. Market attention is now focused on how the stock will perform in Monday's session following the weekend.

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