Market
Seoul stocks dip on inflation worries
May 11, 2021
South Korean stocks tumbled Tuesday, led by technology stock sell-offs, as investors' sentiment worsened over inflation woes. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.87 points, or 1.23 percent, to close at 3,209.43 points. Trading volume was high at about 1.1 billion shares worth some 21.2 trillion won ($18.9 billion), with gainers outnumbering losers 447 to 419. Foreigners sold a net 2.2 trillion won, and retail investors pur