Seoul stocks dip over 5% on chip sell-off after record surge

Seoul stocks plunged by more than over 5 percent Monday, as investors went to lock in profits of semiconductor heavyweights following a record surge the previous session. The local currency fell against the greenback. The benchmark Korea Composite Stock Price Index fell 338 points, or 5.12 percent, to 6,257.45. The index surged by nearly 18 percent on Friday. Trade volume was low at 270.9 million shares worth 26.1 trillion won ($18.2 billion). Winners slightly outnumbered losers 454 to 417. Fore