South Korea stocks edge lower after president's impeachment

Domestic shares have room to rise if U.S. cuts rates this week: Hana Securities

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Currency dealers in Seoul work in front of electronic boards showing the Korean Composite Stock Price Index (KOSPI) and the exchange rate on Dec. 9. © Reuters

LISA KIM, Nikkei staff writer

SEOUL -- South Korean stocks ended Monday off slightly, after marginally rising earlier in the day, as the impeachment of the country's embattled president over the weekend eased political uncertainty.

The benchmark KOSPI index closed down 0.22%, or 5.49 points, at 2,488.97 after rising 0.85% at one point. The index has clawed back most of the losses incurred from President Yoon Suk Yeol's failed attempt to put the country under martial law on Dec. 3.

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