Seoul shares sink nearly 6% on tech rout, rising yields

Seoul shares dipped nearly 6 percent Wednesday, led by steep losses in chipmakers, as rising oil prices and global bond yields dampened investor sentiment. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 398.66 points, or 5.8 percent, to close at 6,471.17, after touching an intra-day low of 6,400.81. Shortly after the opening bell, program trading in KOSPI-listed shares was suspended for five minutes as the bourse operator activated a sell-side sid

By The Korea Herald