Tech Rally Causes Korean Stock Market to Open at a Record High

It is pretty amazing how stock markets continue to set new highs despite the oil disruptions in the Middle East:

South Korean stocks opened at a fresh record high Monday as investor appetite for tech shares helped offset uncertainty surrounding negotiations between the United States and Iran over a peace agreement.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 120.03 points, or 1.42 percent, to 8,596.18 as of 9:15 a.m., continuing its upward momentum after opening at a fresh high.

The KOSPI closed at a record high of 8,476.15 on Friday.

Yonhap

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