KOSPI and KOSDAQ both fall...Exchange rate in the mid 1,390 won range.

The KOSPI fell more than 1% to the 2,530 level.

In the stock market, the KOSPI closed at 2,531.66, down 1.15 percent from the previous session, falling for the second straight day.

Foreigners continued their net selling for the second day, net selling of more than 500 billion won.

The tech-heavy KOSDAQ index also fell 1.96 percent to close at 728.84, falling again a day after gains.

The local currency rose 8.3 won to 1,394.7 won as of 3:30 p.m. against the U.S. dollar in Seoul's foreign exchange market.