South Korean stocks pulled off a new record high over the 8,000-point level Tuesday driven by optimism for a possible U.S.-Iran peace agreement that would open the Strait of Hormuz.

South Korea's National Pension Service is drawing market attention over whether it will raise its target allocation for domestic stocks

South Korean stocks opened at a new record high of over 8,000 Tuesday on rising hopes for a US-Iran deal to reopen the Strait of Hormuz. The benchmark Korea Com