South Korean stocks pulled off a new record high over the 8,000-point level Tuesday driven by optimism for a possible U.S.-Iran peace agreement that would open the Strait of Hormuz. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 199.8 points, or 2.55 percent, to close at a record 8,047.51, extending its winning streak for the third consecutive session. It is the first time that the KOSPI has closed over the 8,000-point level,