Korea’s Kospi Races From 7,000 to Record 8,000 in Seven Sessions

South Korea’s benchmark stock index briefly breached the 8,000 mark for the first time on Friday, just seven sessions after it reached the 7,000 milestone.

While the market turned lower soon after hitting the record, the speed of the rally underscores the strong momentum that saw the Kospi Index surging from 5,000 to 8,000 this year. By contrast, it took more than 18 years for the benchmark to climb from 1,000 to 2,000, and another 13 years to reach 3,000.