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💰 Economic
May 12, 2026

Seoul stocks hit record high above 7,800 on chip sector gains

South Korea's KOSPI index surged to a new peak above 7,800 on Monday, driven by strong performance in semiconductor stocks. The rally occurred despite ongoing concerns about U.S.-Iran diplomatic tensions affecting global markets.
Why It Matters
Stock market movements impact currency exchange rates and investment opportunities for expats and affect Korea's economic outlook.
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