Seoul shares dip 3.25% on tech slide; won drops

South Korean stocks closed lower Tuesday as a foreign-selling spree of major techs continued, tracking an overnight tech slump on Wall Street. The local currency weakened against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index lost 244.38 points, or 3.25 percent, to close at 7,271.66. After opening 1.2 percent lower, the index plunged as much as 4.98 percent to 7,141.91 in the morning session before rebounding in the afternoon, suffering extreme swings throug

By The Korea Herald