KOSPI Tests 8,000 After 7,000 Breakout as Profit-Taking Risk Looms

South Korea’s benchmark KOSPI index is in focus after breaking above 7,000 points last week, with investors watching whether it can climb to 8,000 for the first time on the 11th. According to Yonhap News Agency, the domestic stock market is facing both expectations for further gains and the possibility of profit-taking after its record rise. Having set a new milestone at the 7,000 level, investors are monitoring whether the upward trend can continue while also watching for near-term selling pressure. The key question is whether the KOSPI can maintain momentum toward 8,000 or whether recent sharp gains will limit the index. Source: yna.co.kr