KOSPI surges to new peak of above 7,800 on chip gains despite renewed woes over U.S.-Iran peace deal

AI Summary

The KOSPI index in South Korea has surged to a new peak of over 7,800, driven by gains in the semiconductor sector. This increase occurs amid ongoing concerns regarding the U.S.-Iran peace deal, highlighting the market's complexity.

SEOUL, May 11 (Yonhap) -- South Korean stocks closed at a new record high Monday...