South Korean stocks closed 1.06 percent lower on Monday as investors cut their holdings amid concerns on overseas uncertainties such as the U.S. economic slowdown and China\'s inflation risk, analysts said. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 23.19 points to 2,157.16. Trading volume was moderate at 237.8 million shares worth 5.5 trillion won (US$5.2 billion), with losers outnumbering gainers 479 to 337.