The South Korean stock market closed lower for the second consecutive trading day on Friday due to renewed tension in the Middle East suppressing market sentiment, and foreign investors continued to sell stocks. The exchange rate of the Korean won against the US dollar increased. The Korea Composite Stock Price Index opened up 1.09%, then fluctuated downward, reaching a low of 6158.73 points, and closed down 37.61 points, or 0.6%, to 6258.77 points. On the previous trading day, dragged down by a sharp drop in technology stocks, the index plummeted 4.58%. According to reports, Iran is threatening to ban US and Israeli ships from passing through this strategic waterway, and is demanding compensation from its identified hostile countries before they can pass. Foreign investors sold 858.07 billion won in net shares; institutional investors and individual investors made net purchases of 578.99 billion won and 266.98 billion won, respectively. Analysts said that uncertainty related to this strategic channel may drive up oil prices, and fluctuations will further intensify in a market already disrupted by AI sector transactions.

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