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Illustration of Seoul stock market crash with falling tech stocks and concerned traders
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Seoul shares plummet 5.4 percent on tech losses

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Seoul shares plummeted 5.4 percent on July 8 as technology stocks extended losses amid investor concerns over the Artificial Intelligence trade.

Seoul stocks opened sharply higher Tuesday, rebounding from Monday's steep losses as technology shares recovered and news emerged of a ceasefire between Iran and Israel.

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South Korean stocks opened at a fresh record high on Monday as investor appetite for tech shares drove gains.

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