Will the KOSPI hit a new historical high?

The Korean stock market breaks new ground prompting strategists to upgrade their price targets.

First, there was the eerie, impenetrable "double top " On April 18, 2002, the KOSPI closed at 937 61 - a new high not seen since the bubble burst two years earlier - and then retreated Almost exactly two years later, on April 23, 2004, the KOSPI peaked again at 936 06 - just one point away from the 2002 peak - and retreated once more The index couldn't possibly break through this cement wall of resistance But on February 7 of this year, it did

Then, there was the 1,000 resistance level, invariably preceded by the catch-phrase "psychologically significant " On February 28, this hurdle was also...

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