The Korea Times
Seoul stocks fell Thursday as foreign investors turned cautious over lingering uncertainties surrounding a fragile ceasefire between the United States and Iran, with disagreements persisting over the scope of the truce. The benchmark KOSPI closed at 5,778.01, down 94.33 points, or 1.61 percent, from the previous session, after opening at 5,826.45 and extending losses as foreign investors led a broad sell-off. Foreign investors offloaded 873.4 billion won ($589.8 million), weighing on the index, while retail investors and institutions moved to cushion the decline, buying a net 296.1 billion won and 207.7 billion won, respectively. Market bellwethers also weakened. Samsung Electronics fell 3.09 percent to 204,000 won, while SK hynix dropped 3.39 percent to 998,000 won. A similar pattern played out on the tech-heavy Kosdaq, where the index opened at 1083.40, down 0.59 percent from the previous session, and extended losses to close at 1,076.00, down 1.27 percent. Investor sentiment remained on edge as the two-week ceasefire between the U.S. and Iran showed signs of strain following renewed Isr
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