South Korea’s KOSPI stock index hits record high on revived reform hopes

SEOUL: South Korean shares hit a record high on Wednesday on revived investor hopes around President Lee Jae Myung’s push to boost the domestic stock market.

The benchmark KOSPI stock index rose as much as 1.75% to 3,317.04 points in afternoon trade, surpassing its previous record of 3,316.08 hit on June 25, 2021.