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KOSDAQ Ends 5-Day Winning Streak, Falls Below 800 Mark... HLB and Alteogen Rally vs. Rainbow Robotics and Wonik IPS Weakness

The KOSDAQ halted its five-day winning streak, surrendering the 800 level once again. While the index declined, bio stocks such as HLB and Alteogen along with secondary battery stocks showed strength, whereas large-cap robot and semiconductor-related stocks collectively underperformed, resulting in

Oseong Kwon
Staff Reporter
6 min read
KOSDAQ Ends 5-Day Winning Streak, Falls Below 800 Mark... HLB and Alteogen Rally vs. Rainbow Robotics and Wonik IPS Weakness
CBC News

The KOSDAQ halted its five-day winning streak, surrendering the 800 level once again. While the index declined, bio stocks such as HLB and Alteogen along with secondary battery stocks showed strength, whereas large-cap robot and semiconductor-related stocks collectively underperformed, resulting in a stark divergence in stock performance.

KOSDAQ Index Surrenders 800 Level Amid Short-Term Profit-Taking In the regular session on July 7, the KOSDAQ index closed at 798.81, down 2.86 points (0.36%) from the previous trading day. It opened at 807.62 in early trading and rose to as high as 814.80, showing early strength, but later gave up its gains and ultimately closed weaker. The 800 level, which had been recovered based on the previous day's closing price, was lost again in just one day. As the KOSDAQ turned lower on this day following five consecutive sessions of gains, the decline is interpreted as the emergence of short-term profit-taking sell-offs.

Bio and Secondary Battery Stocks Rally... HLB and Alteogen Show Notable Gains Among large-cap stocks by market capitalization, pharmaceutical, bio, and battery-related stocks acted as a defensive shield. Alteogen closed at 305,000 won, up 11,500 won (3.92%) from the previous trading day, and HLB also recorded 37,300 won, up 2,100 won (5.97%). ABL Bio (86,600 won, up 3.96%) and Peptron (181,800 won, up 2.13%) also rose in tandem. EcoPro (86,000 won, up 2.87%) and EcoPro BM (107,000 won, up 4.38%), the leading secondary battery stocks, also showed strong momentum.

Robot and Semiconductor Stocks Decline Across the Board... Rainbow Robotics and Wonik IPS Post Steep Losses Meanwhile, robot and semiconductor equipment-related stocks, which had recently shown strength, suffered from selling pressure. Rainbow Robotics closed at 465,000 won, down 24,500 won (5.01%), and Jusung Engineering finished at 127,800 won, down 5,600 won (4.20%). Wonik IPS also recorded 88,300 won, down 4,300 won (4.63%), and Lino Industry closed at 65,700 won, down 1.79%.

Wall Street's Three Major Indices Rise... Recapturing KOSDAQ's 800 Level Is Key Going Forward On the same day in local time, Wall Street closed with all three major indices rising in tandem. The Dow Jones Industrial Average rose 0.28% to 54,036.93, the S&P 500 Index climbed 0.62% to 7,757.64, and the Nasdaq Composite Index surged 1.30% to 26,690.62.

In the next trading session, whether the KOSDAQ can recapture the 800 level is expected to be the top focal point. Additionally, market attention is focused on whether the upward momentum of stocks such as HLB, Alteogen, and EcoPro BM, which showed strength on this day, will continue, and conversely, whether stocks with steep losses such as Rainbow Robotics and Wonik IPS will rebound.

[※ This article is for investment reference only and does not recommend buying or selling any specific stocks. Investment decisions and responsibilities lie with the investor.]

Oseong Kwon
Staff Reporter

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