(2nd LD) Seoul stocks land at new high on chip rally (opens original article in a new tab)

South Korean stocks reached a new high as semiconductor companies drove gains, with investors cautious ahead of the U.S. Federal Reserve's meeting and influenced by the U.S.-Iran peace agreement.

• South Korean stocks hit a new high with KOSPI rising 1.58% to 8,864.24
• Semiconductor stocks like SK hynix and Samsung saw significant gains
• U.S. Federal Reserve's upcoming meeting and U.S.-Iran peace agreement influenced market sentiment
• Shipbuilding and tech sectors expected to benefit from new South Korea-U.S. investment firm