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<Asia>KOSPI Busts Above 7,000 Mark to Hit Fresh Record High; Samsung Electronics, SK Hynix Surge 9-11%
South Korea's KOSPI busted above the 7,000 mark this morning (6th), reaching another record high, as ebbing oil prices and strong corporate earnings boosted investor sentiment....
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<Asia>KOSPI Busts Above 7,000 Mark to Hit Fresh Record High; Samsung Electronics, SK Hynix Surge 9-11%
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South Korea's KOSPI busted above the 7,000 mark this morning (6th), reaching another record high, as ebbing oil prices and strong corporate earnings boosted investor sentiment.

The KOSPI was last up nearly 5.3% at 7,303. Overnight (5th), US memory chip stocks proliferated. Heavyweights Samsung Electronics and SK Hynix both notched record highs in early trading, soaring more than 11% and nearly 9%, respectively.

Related News M Stanley Raises SK Hynix TP to KRW2.6 million and Lifts EPS Forecasts
Earlier on, US President Donald Trump said the US had suspended its escort operations for ships crossing the Strait of Hormuz and indicated marked progress in a peace agreement with Iran, pushing international oil prices down by about 1%.

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