Seoul stocks close over 3% higher on chip rebound

Seoul stocks snapped their two-day losing streak and closed sharply higher Tuesday, as investors went bargain hunting for tech heavyweights.

The Korean won closed higher against the US dollar.

The benchmark Korea Composite Stocks Price Index closed up 231.68 points, or 3.56 percent, at 6,747.95.

The index lost ground in early trading but sharply rebounded around noon, triggering the bourse operator to halt program trading for five minutes.

Trade volume was moderate at 387.8 million shares worth ...