Kospi tops 7,400 in breakneck rally, outpaces S&P 500

South Korea's Kospi surged past 7,400 points Wednesday, vaulting through the 7,000 mark for the first time, as a chip-led rally pushed the market's value above 6 quadrillion won ($4.12 trillion). The benchmark index opened at 7,093.01, up 2.25 percent from Monday's close, immediately eclipsing its previous record of 6,937 set earlier this week. Gains accelerated through the session, driving the Kospi above 7,400 in afternoon trading. The index climbed as much as 7,426.6, rising more than 7 perce

By The Korea Herald