South Korean stocks closed lower on Friday after the U.S.’ cancellation of its summit with North Korea dampened investor sentiment.  

The benchmark Korea Composite Stock Price Index(KOSPI) fell five-point-21 points, or point-21 percent, to close the day at two-thousand-460-point-80.  

The tech-heavy KOSDAQ also weakened, losing four-point-97 points, or point-57 percent, closing at 868-point-35. 

On Thursday, U.S. President Donald Trump announced the cancellation of his meeting with North Korean leader Kim Jong-un scheduled for June 12th due to the North’s recent “anger and open hostility."

On the foreign exchange, the local currency strengthened one-point-six won against the dollar, ending the session at one-thousand-78.
 

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