KOSPI Slightly Rebounds After Sidecar Trigger but Turns Downward Again
Volatility Intensifies on KOSDAQ as Well
The KOSPI index saw a slight rebound after a sell-sidecar was triggered but soon turned downward again.
As of around 11:05 a.m. on July 7, 2026, at the Korea Exchange, the KOSPI was trading at 7,649.93, down 401.4 points (4.99%) from the previous session. After opening lower in the morning, a sell-sidecar was activated on the KOSPI market at around 10:23 a.m. Over the next ten minutes, the index fell further to 7,568.59. It then rebounded, reaching 7,769.56 at 10:52 a.m., before reversing course and declining again.
Institutional investors influenced the KOSPI's decline. While they temporarily shifted to net buying, they soon returned to net selling. From 10:49 a.m. to 11:00 a.m., institutions recorded net purchases, but currently have sold a net amount of 48.1 billion won. Foreign investors were net sellers of 1.6111 trillion won, while individual investors were net buyers of 1.6357 trillion won.
On the 7th, as the KOSPI index plunged more than 4% in early trading, breaking below the 8,000-point line, the status of the domestic stock market was displayed on the electronic board in the dealing room of Hana Bank in Jung-gu, Seoul. 2026.7.7 Photo by Kang Jinhyung
View original imageMost of the top market capitalization stocks are declining. Hanwha Ocean plunged 23% after it failed to win a Canadian submarine contract, and even Samsung Electronics, which recorded its highest-ever earnings, dropped 7%. Other major decliners include SK Square (-8.6%), Samsung Electro-Mechanics (-7.8%), LG Energy Solution (-7.6%), Samsung Life Insurance (-7.1%), and SK hynix (-5.9%).
At the same time, the KOSDAQ index was trading at 840.06, down 7.01 points (0.83%) from the previous session. The index surged to as high as 866.59 in early trading, but then reversed and fell to 832.91 by 10:33 a.m. It briefly approached the 850 mark, but turned downward again.
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Top market cap stocks on the KOSDAQ showed mixed performance. D&D Pharmatech surged 14.8%, while PharmaResearch (11.1%), Legochem Biosciences (8.6%), and SM Entertainment (7.3%) also gained. In contrast, Rainbow Robotics (-3.4%), Ecopro (-1.8%), and Ecopro BM (-1.4%) declined.
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