KOSPI Tops 7,500 as Investors Watch Whether Rally Can Extend

South Korea’s stock market last week was summed up by one line: the KOSPI reached the 7,500 level. The index gained more than 13% for the week and closed at 7,498 on May 8. A day earlier, on May 7, it climbed as high as 7,531 intraday, moving above the 7,500 line. The move has focused market attention on whether the index can extend its rapid advance or give back part of the gains. The key figures are a weekly rise of more than 13%, the May 8 close of 7,498, and the May 7 intraday high of 7,531. Source: mk.co.kr.