KOSPI Breaks 7,000, Hits Record Close Above 7,300

Dealers are celebrating the opening of the KOSPI 7,000 era in the dealing room of Hana Bank's headquarters in Jung-gu, Seoul, on the afternoon of May 6.(Photo provided by Hana Bank) The KOSPI's psychological resistance level of 7,000 has finally been broken, powered by an explosive rally in large-cap semiconductor stocks. Expectations of an improving semiconductor market, fueled by the expansion…