The South Korean Kospi Index approaches the 8,000 point mark, boosted by the rise in the stock prices of SK Hynix and Samsung.

The benchmark index Kospi of South Korea rose by 2.3% at one point, approaching the 8,000 point mark, driven by the continuous rise of SK Hynix and Samsung Electronics. Tuesday's gains brought the index's year-to-date increase to 89%, potentially setting a record for the largest annual gain since 1987. "The current valuation levels are not high, and investors are more regretful about missing out on the uptrend rather than worrying about the market being overheated. As the trend enters its later stages, more people will try to participate," said Kang DaeKwun, Chief Investment Officer at Life Asset Management. The Kosdaq index, which is mainly composed of small-cap stocks, rose by 1.5% at one point. The MSCI Asia Pacific index rose by 0.5% at one point.