Seoul stocks end at record peak of above 9,000 on extended chip rally

Gadget-uri

Seoul stocks surged by more than 2 percent past another historic landmark, surpassing the 9,000-point level for the first time in history, as investors bet on chipmakers in the face of a hawkish stance by the Federal Reserve and Iran uncertainty. The benchmark Korea Composite Stock Price Index (KOSPI) closed up 199.6 points, or 2.25 percent, to 9,063.84, after rising as high as 9,106.07. The KOSPI continued its winning streak for the sixth consecutive session on the back of optimism over