Seoul: South Korean stocks opened at a record high Friday, with the benchmark index rising above 4,800 points for the first time as it enters the 11th straight session of gains. The benchmark Korea Composite Stock Price Index (KOSPI) traded at 4,820.66 at the opening, up 23.11 points, or 0.48 percent, from the previous session's close.

According to Yonhap News Agency, the South Korean stock market has been on a bullish run, daily reaching fresh highs since the start of the year. The continuous rise in the stock market reflects the growing confidence among investors and the positive sentiment surrounding the economic outlook. The sustained rally has been attributed to a combination of factors, including favorable economic data and strong corporate earnings reports.

Market analysts suggest that the rally could continue if the current economic conditions persist, although they also caution about potential market corrections. The KOSPI's recent performance has been closely watched by both domestic and international investors, as it serves as a key indicator of the South Korean economy's health. The ongoing rally has also sparked interest in various sectors, with technology and manufacturing stocks particularly gaining attention.