Kospi surges to new peak of above 7,800 on chip gains despite renewed woes over US-Iran peace deal

South Korean stocks closed at a new record high Monday, easily breaching the landmark 7,800-point level, extending the winning streak to the fifth consecutive session, on the back of a bull run by semiconductor shares, despite concerns of a potentially botched peace deal between the United States and Iran. The benchmark Korea Composite Stock Price Index surged 324.24 points, or 4.32 percent, to end at a fresh high of 7,822.24 after rising as high as 7899.32. The index delivered a record-breaking

By The Korea Herald