Seoul shares dip nearly 6% on extended chip rout amid AI skepticism

Seoul shares plunged by nearly 6 percent Wednesday following a nearly 11 percent crash the previous session as investors dumped semiconductor stocks amid growing skepticism over whether massive spending on artificial intelligence will generate sufficient returns. The local currency strengthened against the US dollar. The benchmark Korea Composite Stock Price Index lost 360.42 points, or 5.98 percent, to close at 5,663.24, after plunging to an intraday low of 5,262.77. After opening 1.09 percent