Seoul Shares Sink Nearly 6 Pct on Tech Rout, Rising Yields

Seoul shares sink nearly 6 pct 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.

Seoul shares open nearly 5 % lower on US tech sell-off

Seoul shares opened sharply lower Wednesday, following overnight losses on Wall Street, as rising bond yields and oil prices weighed on technology stocks and dampened investor sentiment. The benchmark Korea Composite Stock Price Index (KOSPI) lost 341.06 points, or 4.96 percent, to 6,528.77 at the opening bell. Overnight, Wall Street's major indexes closed lower, as stalled peace efforts between the United States and Iran weighed on investor sen…