Seoul shares again dip over 1% after 2-day deep rout amid AI spending concerns

Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks following deep declines over the previous two sessions amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest rate outlook.

The Korean won strengthened against the US dollar.

After volatile trading, the benchmark Korea Composite Stock Price Index lost 69.68 points, or 1.23 percent, to close at 5,593.56 after plunging to an intraday low of 5,547.41.

The ...