Seoul shares again dip over 4% amid US-Iran tensions, tech sell-off; won down

South Korean stocks plummeted more than 4 percent Wednesday amid escalating tensions between the United States and Iran and a tech slump fueled by concerns over the valuation of stocks related to artificial intelligence.

The local currency was trading lower against the US dollar.

The benchmark Korea Composite Stock Price Index shed 366.11 points, or 4.52 percent, to close at 7,730.82, almost eclipsing most of the over 8 percent surge from the previous day.

At one point, the index fell as low as ...