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

What happened: Seoul shares fell more than 3 percent, a fourth straight losing session, as a technology stock sell-off tied to inflation concerns weighed on the market. Key numbers: KOSPI closed down 241.69 points, or 3.65 percent, at 6,384.24. Volume was 313 million shares worth 21.33 trillion won. Why it matters: Analysts cited semiconductor ETF rebalancing and concerns that Samsung Electronics and SK hynix may have finished treasury stock purchases. Rising oil prices on Middle East tensions could add to inflation pressures and complicate the Federal Reserve's efforts. Coverage: 3 outlets in 24h

Seoul shares fell more than 3 percent, a fourth straight losing session, as a technology stock sell-off tied to inflation concerns weighed on the market.

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