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The benchmark KOSPI hit another record Tuesday, closing above the 8,000-point milestone for the first time. The previous closing high stood at 7,981.41, set on May 14. After opening at 8,070.91, up 223.20 points, or 2.84 percent, from the previous session, the index maintained strong upward momentum and climbed to 8,131.15, surpassing the previous intraday high of 8,046.78 recorded on May 15. It eventually closed at 8,047.51, up 199.80 points, or 2.55 percent, from the previous session. Foreign investors began the session as net sellers but later shifted to net buying, marking their first net purchase in 13 trading sessions. Heavyweight shares led the rally, with Samsung Electronics advancing 2.22 percent, SK hynix surging 5.72 percent and Hyundai Motor gaining 5.19 percent. Investor sentiment improved on hopes for progress in ceasefire negotiations between the United States and Iran and expectations that the Strait of Hormuz would remain open. Reports suggested the two sides were nearing a memorandum of understanding that could pave the way for a final agreement. Easing geopolitical conce