South Korea’s KOSPI share index tops 7,000 for first time

SEOUL, May 6 : South Korea’s benchmark stock index on Wednesday topped a key milestone of 7,000 points for the first time, boosted by a rally in chipmakers.

The KOSPI rose as much as 5.4 per cent to 7,311.54 in early trade, hitting its highest on record.

Samsung Electronics and SK Hynix rose more than 10 per cent each, with both chipmakers hitting all-time highs.