Seoul stocks open sharply lower after record surge on profit-taking

Seoul stocks opened sharply lower Monday as investors went to lock in profits after a record-breaking surge the previous session. After opening 3.6 percent lower, the benchmark Korea Composite Stock Price Index fell 280.05 points, or 4.25 percent, to 6,315.4 as of 9:15 a.m. The index bucked a rally on Wall Street on Friday, as robust earnings from Amazon fueled investor optimism for the artificial intelligence sector. Revenue at Amazon's cloud computing unit jumped 37 percent in the second quart