A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at a record high of 8,476.15 points on May 29, up 290.86 points, or 3.55 percent, from the previous trading session. [NEWS1]

Shares rebounded to a fresh all-time high on Friday, driven by strong gains in AI-related shares and renewed optimism about a potential cease-fire in Iran.

The Kospi added 290.86 points, or 3.55 percent, to close at 8,476.15, after hitting a new intraday high of 8,615.09.

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Trade volume was heavy at 701.5 million shares worth 73.7 trillion won ($48.9 billion), with losers outnumbering winners 686 to 205.