(2nd LD) Seoul shares plunge over 3 pct on tech sell-off amid Mideast, inflation woes

What happened: Seoul shares fell more than 3 percent, extending losses to a fourth session, as a technology stock sell-off driven by inflation concerns weighed on the market amid elevated oil prices. Key numbers: KOSPI closed down 241.69 points, or 3.65 percent, at 6,384.24. Why it matters: Analysts cited semiconductor-focused ETF rebalancing and concerns that Samsung Electronics and SK hynix may have completed treasury stock purchases. Middle East tensions and oil prices could add to inflationary pressures and complicate the Federal Reserve's efforts to control inflation. Coverage: 3 outlets in 24h

Seoul shares fell more than 3 percent, extending losses to a fourth session, as a technology stock sell-off driven by inflation concerns weighed on the market amid elevated oil prices.

Analysts cited semiconductor-focused ETF rebalancing and concerns that Samsung Electronics and SK hynix may have completed treasury stock purchases. Middle East tensions and oil prices could add to inflationary pressures and complicate the Federal Reserve's efforts to control inflation.