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South Korea's Kospi Hits Record 8,000 as Semiconductor Rally Accelerates

South Korea's benchmark Kospi index reached an all-time high of 8,000 on Friday, achieving the milestone just seven trading sessions after breaking through 7,000. The rapid ascent reflects a broad-based rally in Asian equities, driven largely by gains in semiconductor-linked stocks. Record cash outflows from some equity funds tracking South Korean companies underscore investor repositioning amid the surge. However, analysts have flagged concerns that the index's recent strength may be overly concentrated in a narrow group of technology-focused firms. The climb to historic levels comes as regional markets compete for investor capital amid shifting global economic conditions and trade dynamics.