S Korean shares close lower on unstable geopolitical situation

South Korean shares closed lower Thursday on the nation's unstable geopolitical situation caused by Seoul's announcement on the probe result of its warship that sunk in late March.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 29.9 points, or 1.83 percent, to 1,600.18, the fourth straight losing session.

Trading volume was moderate at 352.3 million shares worth 6.41 trillion won (5.37 billion U.S. dollars), with losers outpacing gainers 659 to 156.

The local currency closed at 1,194.10 won to the U.S. dollar, down 29 won or 2.43 percent from Wednesday's close.

Source:Xinhua