KOSPI opens 2.05 percent higher at 5,452.41 despite Wall Street losses after Nvidia CEO exit
Briefing by News4U · First published
In this morning's News4U market wrap, Yonhap Business reported that South Korean stocks opened sharply higher Friday despite U.S. losses following the departure of Nvidia CEO Jensen Huang. The benchmark Korea Composite Stock Price Index (KOSPI) rose 109.68 points, or 2.05 percent, to 5,452.41 at the opening bell. Overnight on Wall Street, the Dow Jones Industrial Average fell 0.36 percent, the S&P 500 lost 0.35 percent, and the Nasdaq Composite declined 0.39 percent. The PHLX semiconductor index retreated 0.54 percent. Nvidia's board ousted Huang from the CEO position and named CFO Colette Kress as interim CEO. [1]
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- Seoul shares start sharply higher following Nvidia's leadership change
Yonhap Business · · Full text