Seoul shares down over 6 pct late Mon. morning on tech slump

South Korean stock prices experienced a significant downturn on Monday morning, with the benchmark KOSPI index falling by over 6 percent. This sharp decline was primarily driven by a slump in the technology sector, which heavily influences the overall market. Major technology companies saw substantial drops in their share values, contributing to the broad-based sell-off. The market's performance reflects investor concerns and potential shifts in sentiment regarding the technology industry's outlook.

This downturn signals potential investor nervousness about the technology sector's future performance, which could impact global markets.