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The tech-heavy Kosdaq surged nearly 5 percent on Friday on optimism surrounding the new state-backed investment fund aimed at advanced industries like artificial intelligence and semiconductors, while the benchmark KOSPI, which posted a sharp rebound a day earlier, moved into a consolidation phase with slight gains. The KOSPI opened at 7,873.12, up 0.74 percent from the previous session, and traded largely flat through the day before closing at 7,847.71, up 0.41 percent. Samsung Electronics briefly climbed above the 300,000-won ($197) mark early in the session, setting an all-time high before reversing course to close down 2.34 percent at 292,500 won. SK hynix, meanwhile, edged up 0.05 percent to finish at 1,941,000 won. The KOSPI has seen heightened volatility since briefly surpassing the 8,000 mark during intraday trading on May 15. After breaking through the milestone, the benchmark index reversed sharply and closed the session down more than 6 percent to finish in the 7,400 range. The turbulence continued in the following sessions, with the KOSPI falling to as low as 7,053.84 intrad