KOSPI surges to new peak of above 7,800 on chip gains despite renewed woes over U.S.-Iran peace deal | Yonhap News Agency

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SEOUL, May 11 (Yonhap) -- South Korean stocks closed at a new record high Monday, easily breaching the landmark 7,800-point level, extending the winning streak to the fifth consecutive session, on the back of a bull run by semiconductor shares, despite concerns of a potentially botched peace deal be