Korean stocks open at a new record high thanks to the technology sector

SEOUL, May 27 / WAM / Korean stocks opened trading today at a new record high, driven by strong gains in shares of semiconductor companies, despite tensions in the Middle East.

The benchmark KOSPI index rose 194.61 points, or 2.42%, to 8,242.12 points at the opening bell.

The index closed at 8,047.51 points on Tuesday, exceeding the 8,000-point threshold for the first time in history at close.

It took only 3 weeks for the KOSPI index to rise from the 7,000 point level it reached on May 6 to the unprecedented level of 8,000 points.

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