Seoul stocks extend losses as AI, US inflation concerns persist
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Seoul stocks were trading sharply lower late Thursday morning as concerns over artificial intelligence (AI) trade and U.S. inflation data sparked a sell-off of major tech shares. The benchmark Korea Composite Stock Price Index (KOSPI) fell 404.21 points, or 6.73 percent, to 5,604.6 as of 11:20 a.m. In early trading, the benchmark index had fallen over 5 percent, triggering the country's bourse operator to temporary suspend trading for five minutes. Overnight, U.S. stocks closed lower as concerns
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