finance
South Korean Stocks Close at Record High After Early Losses Amid Renewed US-Iran Clashes
The KOSPI closed at 7,498 points on May 8, 2026, after opening 1.82 percent lower amid renewed U.S.-Iran military clashes. Auto and robotics shares drove the rebound even as foreign investors sold heavily. Yonhap reported that President Donald Trump insisted a ceasefire remained in effect.
May 8, 3:40 AM·1m read1 source
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South Korean stocks reversed early losses to close at a record high on May 8, 2026, extending their winning streak to a fourth session despite renewed tensions in the Middle East. 11 percent from the previous close. A financial board showed the KOSPI closing at the record 7,498 points in the dealing room of Hana Bank in Seoul.
U.S. and Iranian militaries exchanged fire overnight before May 8. The clash raised concerns over a possible peace agreement to end the 10-week war.
U.S. President Donald Trump told reporters the ceasefire was still in effect despite the clash. 2 billion. Losers outnumbered winners by 500 to 367.
6 trillion won. -Iran peace deal. After a recent rally, investors sold stocks to secure gains, Lee Kyung-min, an analyst at Daishin Securities, said.
"In particular, foreign investors offloaded large-cap tech shares," Lee added. 17 percent to close at 613,000 won. 38 percent to 164,500 won.
63 percent to 154,100 won. 09 percent to 434,000 won. 36 million won.
1 percent to 268,500 won. 3 million won. 02 percent to 198,400 won.
U.S. 7 won from the previous session. 569 percent.
748 percent. Yonhap reported all market data from Seoul on May 8, 2026.
