KOSPI Breaks 8,000, Hits 8,001.40 Intraday as Milestone Era Opens

The KOSPI broke above the 8,000 level intraday on the 14th, opening what was described as the era of the “dream 8,000 KOSPI.” As of 9:23 a.m. that day, the index was trading at 8,001.40, up 19.99 points, or 0.25%, from the previous session. The move drew attention because South Korea’s benchmark stock index crossed a new psychological threshold. According to the reported figures, the index rose modestly from the prior trading day and entered the 8,000 range on an intraday basis. Market attention is expected to focus on whether the index can hold this level and how it moves next. Source: mk.co.kr