Seoul stocks slip after opening slightly higher as Iran concerns temper bargain hunting

Seoul stocks opened slightly higher Tuesday but quickly turned lower as bargain hunting in battered tech heavyweights faded amid lingering concerns over escalating tensions in the Middle East.

After opening 0.58 percent higher, the benchmark Korea Composite Stock Price Index trimmed earlier gains to fall 38.56 points, or 0.59 percent, to 6,477.71 as of 9:15 a.m.

The Kospi shed 4.46 percent Monday, following a 6.37 percent fall Friday.

Overnight, major US stock indexes closed lower as investors w ...