Yonhap News5/14/2026Business4 min readSouth Korea
South Korean Stocks Hit Record High Near 8,000 Points Amid U.S.-China Summit
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South Korea's KOSPI index reached a record high of 7,981.41, nearing the 8,000-point mark, driven by expectations of eased U.S.-China tensions during their summit and a rally in AI-related stocks.
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SEOUL, May 14 (Yonhap) -- South Korean stocks finished at a record peak of above 7,980 on Thursday, just an inch away from the unprecedented 8,000-point level, as investors closely paid attention to the ongoing summit between the United States and China, and artificial intelligence (AI)-related stocks continued their rally. [...] The Korean won was quoted at 1,491.0 won against the U.S. dollar at 3:30 p.m., down 0.4 won from the previous session to reach the weakest level since April 7.
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This article was originally published by Yonhap News.
