Kospi snaps 5-day winning streak on profit taking, Mideast uncertainties; won sharply down

Seoul shares fell by more than 2 percent Tuesday, snapping their five-day winning streak, as investors moved to take profit after a record-breaking run amid an impasse in peace negotiations between the United States and Iran. The local currency sharply fell against the US dollar. After rising as high as 7999.67 shortly after the opening bell, the benchmark Korea Composite Stock Price Index fell 179.09 points, or 2.29 percent, to close at 7,643.15. The index fell as low as to 7,423.11. Trade volu

By The Korea Herald