Seoul shares fell for a second straight session on Wednesday, dragged down by tech losses and foreign selling amid concerns about the valuation of artificial intelligence(AI).

The benchmark Korea Composite Stock Price Index fell 24-point-11 points, or zero-point-61 percent, to close at three-thousand-929-point-51.

Trade volume was moderate, with 330-point-78 million shares changing hands, worth 14-point-26 trillion won, or nine-point-73 billion U.S. dollars. Advancers outnumbered decliners 463 to 417.

Foreign investors offloaded a net one-point-05 trillion won in shares.

Investor sentiment remained cautious due to persistent concerns about a potential AI bubble.

Market attention turned to Nvidia’s upcoming earnings and mixed signals from the U.S. Federal Reserve about a possible rate cut.

In Seoul, tech stocks led the decline, with Samsung Electronics and SK hynix dropping one-point-33 and one-point-four percent, respectively.

LG Energy Solution retreated one-point-24 percent, while Doosan Enerbility lost one-point-33 percent.

Shipbuilders also weakened, with HD Hyundai Heavy Industries plunging four-point-81 percent and Hanwha Ocean down three-point-76 percent.

The tech-heavy KOSDAQ lost seven-point-38 points, or zero-point-84 percent, to close at 871-point-32.

The South Korean won weakened against the U.S. dollar by zero-point-three won, trading at one-thousand-465-point-six won as of 3:30 p.m.