The Korea Times
Korea's stock market opened a new chapter Friday, topping the historic landmark of 8,000 points, driven by a continued rally of large-cap tech shares. After opening a tad lower, the benchmark Korea Composite Stock Price Index (KOSPI) turned higher to breach the unprecedented 8,000 points. As of 9:15 a.m., the index had added 19.99 points, or 0.25 percent, to 8,001.4. It took just a little over a week for the index to hit the new milestone after topping the 7,000-point mark on May 6. The index had delivered a record-breaking run for five straight sessions until Monday on the extended rally of semiconductor shares buoyed by an optimistic outlook for continued growth of the artificial intelligence (AI) sector. The local stock market took a breather Tuesday amid little progress in peace talks between the United States and Iran, but Seoul shares rallied again to end at a fresh peak of 7,981.41 on Thursday. Overnight, the tech-heavy Nasdaq composite closed 0.88 percent higher, and the S&P 500 added 0.77 percent, while the Dow Jones Industrial Average rose 0.75. Investor sentiment was uplifted by
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