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KOSPI surges over 7 percent to reclaim 8,300 level; Kosdaq also back above 1,000

South Korea's KOSPI rose more than 7 percent early on Thursday, reclaiming the 8,300 level as investor sentiment improved after overnight gains on Wall Street. Semiconductor heavyweights including Samsung Electronics and SK Hynix led the advance. A buy-side car was triggered for the first time in three sessions as KOSPI200 futures surged. The Kosdaq also jumped, returning above 1,000. The won weakened to 1,521.80 per dollar.