SEOUL Cheap T. J. Oshie Hat , June 25 (Xinhua) -- South Korean shares ended lower Wednesday, extending initial declines to the end of the trading, as rising tensions in Iraq fueled fears over higher global oil prices.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 12.58 points, or 0.63 percent Cheap Nicklas Backstrom Hat , to close at 1,981.77. Trading volume stood at 329.63 million shares worth 3.31 trillion won (3. 24 billion U.S. dollars).
Some media reports said that Syrian warplanes carried out airstrikes in western Iraq to help the Shiite-dominated Iraqi government. The airstrikes, which had yet to be confirmed, killed at least 50 people and injured 132 others.
Syria and Iran Cheap Alex Ovechkin Hat , controlled by Shiites, were reportedly aiding the Baghdad government to protect it from attacks by Sunni insurgents from the Islamic State of Iraq and al-Sham (ISIS).
Mounting risks in the Mideast region boosted worries about higher oil prices, which could disrupt the fledgling global economic recovery.
Adding to concerns, Argentina was reportedly on the verge of default Cheap Jay Beagle Hoodie , worsening investors' sentiment further. The recent series of downgrade for corporate earnings outlook for the second quarter also weighed down investors.
Foreign investor reduced holdings of local stocks by 36 billion won, offsetting purchases of stocks by institutional and retail investors worth 34.3 billion won and 7.7 billion won respectively.
Market bellwether Samsung Electronics declined 1.9 percent on pessimistic views over its second-quarter earnings caused by lackluster smartphone sales. SK Hynix, Hyundai Mobis, Naver and Samsung Life Insurance also ended in negative territory.
Amid expectations for higher oil prices Cheap John Carlson Hoodie , oil refiners gained ground. Top crude refiner SK Innovation jumped 4.3 percent, and its smaller rivals GS and S-Oil climbed 2.1 percent and 0.5 percent each.
The South Korean currency finished at 1,021.0 won against the greenback, down 2.6 won from Tuesday's close.
Bond prices ended lower. The yield on the liquid three-year treasury notes added 0.004 percentage point to 2.687 percent Cheap Braden Holtby Hoodie , and the return on the benchmark 10-year government bonds finished rose 0.001 percentage point to 3.216 percent.
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