South Korean equities fell on the 1st after renewed military conflict between the United States and Iran pushed international oil prices and U.S. Treasury yields higher. The KOSPI was down 0.46% at 6,788.51 as of 9:28 a.m., after briefly falling 1.28%, while the KOSDAQ dropped 1.07% to 825.36. Foreign investors and institutions sold ₩250.8 billion and ₩294.5 billion, respectively, in the KOSPI market, while retail investors and Other Corporations bought ₩437 billion and ₩107.8 billion. Other Corporations extended their KOSPI net-buying streak to 10 sessions, supported by Samsung Electronics employee stock compensation-related treasury share purchases and SK Hynix buybacks for cancellation. Overnight losses on Wall Street reflected renewed U.S.-Iran exchanges of fire, while WTI rose 2.83% to $85.76 and the 10-year U.S. Treasury yield topped 4.75%, reaching a 19-month high. Gains in Nvidia, Micron Technology and SanDisk, along with South Korea's record $46.65 billion in August semiconductor exports, helped limit the decline. Analysts said higher yields and oil prices remain a burden, but semiconductor strength, export momentum and broader market participation could cushion the session and support a weak-open, strong-close pattern.