SEOUL: South Korean stocks closed down Tuesday on massive institutional selling amid concerns over the future of the eurozone economy and a cautious approach by investors ahead of a full-swing earnings season, analysts said. The South Korean won fell against the U.S. greenback.
Snapping a seven-day winning streak, the benchmark Korea Composite Stock Price Index (KOSPI) fell 1.92 points, or 0.09 percent, to 2,144.79. Trading volume was heavy at 553.16 million shares worth 6.82 trillion won (US$6.29 billion), with decliners outnumbering gainers 457 to 374.
