The South Korea stock market may extend Friday's losses on Monday after the KOSPI snapped a six-day winning streak. The index slipped 11.42 points or 0.13 percent to finish at 9,052.42, with financial, technology, and automobile shares mostly in the red. The global forecast is weak after Iran again closed the Strait of Hormuz over the weekend, which is likely to prompt a rebound in crude oil prices after they tumbled more than 10 percent last week. European markets ended mostly lower on Friday amid uncertainty over U.S.-Iran peace talks, which were abruptly cancelled following fresh attacks between Israel and Hezbollah.