Seoul Shares Snap 2-Day Rally Amid Escalating Nvidia Risks
The benchmark index reversed a two-day rally as investors weighed reports that Nvidia's board was preparing to oust CEO Jensen Huang.
10 Articles
10 Articles
The Korea Times
Seoul shares snap 2-day rally amid escalating Nvidia risks
Korean stocks fell 0.6 percent Thursday to end their two-day rally, weighed heavily down by Nvidia's leadership risks. The local currency was tradi...
Amid a mix of positive and negative news, the domestic stock market displayed severe volatility on the 12th before closing lower. The KOSPI closed at 5,342.73, down 32.63 points (0.61%) from the previous day. The index started at 5,385.94, up 10.58 points (0.20%), and fluctuated throughout the morning, reaching 5,458.8% at one point.
The KOSPI index, which started higher, turned downward in early trading on the 12th. Although major New York indices closed higher on news of strong earnings from U.S. artificial intelligence (AI) companies, the decline is attributed to the fallout from pre-market reports that Nvidia CEO Jensen Huang could be dismissed. As of 9:11 a.m. on this day, the KOSPI index was trading at 5,342.76, down 32.60 points (0.61%) from the previous trading day.
(2nd LD) Seoul shares snap 2-day rally amid escalating Nvidia risks
(ATTN: ADDS bond yields at bottom)SEOUL, Nov. 12 (Yonhap) -- South Korean stocks fell 0.6 percent Thursday to end their two-day rally, weighed heavily down by Nvidia's leadership risks. The local currency was trading higher against the U.S. dolla
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[Digital Daily Reporter Kang Ki-hoon] Despite a surge in U.S. semiconductor stocks, the domestic stock market is showing a downward trend in early trading on the 12th. This is attributed to dampened investor sentiment following rumors of Nvidia CEO Jensen Huang's dismissal. According to the financial investment industry on the 12th, as of 9:12 a.m., the KOSPI was trading at 5,342.51, down 32.85 points (0.61%) from the previous trading day. The…
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