South Korea's benchmark KOSPI index surged to a new all-time high Tuesday, closing at 6,388.47 points amid a powerful rally in semiconductor stocks that overcame lingering concerns over the U.S.-Iran conflict and global oil price volatility.
The index jumped 169.38 points, or 2.72 percent, from the previous session, surpassing the prior closing record of 6,307.27 set on Feb. 26 just before the escalation of hostilities in the Middle East. It also broke the previous intraday high of 6,347.41, with market capitalization reaching a record 5,236 trillion won ($3.57 trillion).
