Seoul: South Korean stocks opened at a fresh record high of above 7,900 points Tuesday, heading toward the unprecedented 8,000-point mark, as major chipmakers continued their bull run, despite woes over little progress in peace talks between the United States and Iran.

According to Yonhap News Agency, the benchmark Korea Composite Stock Price Index (KOSPI) rose 131.17 points, or 1.68 percent, to a new peak of 7,953.41 at the opening bell, touching the 7,900 level for the first time. The KOSPI surged to an all-time high of 7,822.24 on Monday, ending above the 7,800 threshold for the first time in history, driven by the extended rally of blue chip tech shares, including Samsung Electronics and SK hynix.

The index tracked overnight tech gains on Wall Street, which gained ground thanks to optimism for continued growth of the artificial intelligence (AI) industry, despite geopolitical uncertainties caused by an impasse in peace negotiations between the U.S. and Iran, as well as the upcoming summit between U.S. President Donald Trump and Chinese leader Xi Jinping. U.S. tech stocks saw Micron jump 6.5 percent, Intel add 3.62 percent, Qualcomm soar 8.42 percent, and Nvidia rise 1.97 percent.

Earlier in the day, Trump mentioned the possibility of renewing "Project Freedom," an initiative aimed at helping guide stranded vessels through the Strait of Hormuz amid the U.S.-Israeli war against Iran.