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KOSPI falls 3 percent to 5,400 level; Kosdaq down nearly 2 percent

South Korean stocks closed lower as geopolitical uncertainty persisted, weighing on broader investor sentiment amid uncertainty over U.S.-Iran negotiations. The KOSPI ended down 3.22 percent at 5,460.46. Foreign investors were net sellers of 3.098 trillion won and institutions sold 337.9 billion won, while retail investors bought 3.059 trillion won. The Kosdaq fell 1.98 percent to 1,136.64. The won weakened to 1,506.20 per dollar.