South Korean stocks close a tad lower on July 1 despite a truce in a trade dispute between the United States and China that analysts here said still has left many uncertainties. The local currency lost ground against the US greenback.

The benchmark Kospi lost 0.88 point, or 0.04 percent, to close at 2,129.74. Trade volume was moderate at 405 million shares worth 4.5 trillion won ($3.9 billion), with losers outnumbering gainers 493 to 341.

Foreigners scooped up a net 155 billion won worth of shares, while institutions offloaded a net 153 billion won.

The local currency closed at 1,158.80 won against the US greenback, down 4.10 won from the previous session‘s close.

By Ram Garikipati and newswires (ram@heraldcorp.com)