Rainbow Robotics plunged on the KOSDAQ market on the 24th, putting the brakes on a three-session winning streak.

In the regular trading session, Rainbow Robotics closed at 418,500 won, down 89,500 won (17.62%) from the previous trading day. The sharp decline, coming right after three consecutive days of gains from the 21st to the 23rd, has drawn keen attention from investors.

Earlier, the stock price had reclaims the psychologically important 500,000-won level, heightening expectations for further upside. In the pre-market alternative trading system (NXT), the stock also touched the 500,000-won level around 8 a.m., extending its early strength. However, after the regular session opened, a wave of profit-taking sell orders flooded the market, pushing the price down to the 410,000-won range.

Overall, the domestic stock market saw investor sentiment shrink significantly on the day due to escalating geopolitical risks in the Middle East. The KOSDAQ index closed at 748.22, down 42.06 points (5.32%) from the previous trading day. The spread of risk-off sentiment also weighed broadly on growth stocks and robot-related names.

Market participants expect that since the stock price, which had recovered the 500,000-won level in a short period, corrected to the low 400,000-won range in a single day, investors will now monitor whether investment sentiment can recover and how supply and demand for robot stocks shift.

[This article is not intended to solicit investment, and the final decision and responsibility for investments lie with the investor.]