Seoul shares ended flat Friday, as investors scooped up defense and shipbuilding stocks, offsetting a decline in major tech shares despite Middle East tensions. The South Korean won fell against the US dollar.
After choppy trading, the benchmark Korea Composite Stock Price Index edged down 0.18 point to close at 6,475.63. The index closed at a record high of 6,475.81 a session earlier.
Overnight, the Dow Jones Industrial Average fell 0.36 percent and the Nasdaq Composite declined 0.89 percent.
Investor sentiment remained subdued amid little progress in US-Iran talks.
US President Donald Trump said on Thursday (local time) he had ordered the Navy to target vessels laying mines in the Strait of Hormuz, while adding that Iran is seeking a deal and negotiations are under way. Iran has also reportedly reactivated its air defense systems.
Still, expectations for a second round of talks underpinned hopes of easing tensions and stabilizing the strait, a key global oil shipping route.
Separately, Trump said Israel and Lebanon would extend their ceasefire by three weeks, helping to temper concerns about a broader regional conflict. (Yonhap)
