KOSPI turns 0.21% lower to 5,364.04 as Nvidia news offsets Wall Street rally
Briefing by News4U · First published
In this morning's News4U market wrap, Yonhap Business reported South Korean shares turned lower Thursday despite overnight Wall Street gains from a tech rally amid controversies over Nvidia CEO Jensen Huang. After opening 0.2 percent higher, the KOSPI turned negative, losing 11.32 points, or 0.21 percent, to 5,364.04 as of 9:15 a.m. Overnight, the Dow rose 0.49 percent, the S&P 500 gained 1.31 percent, and the Nasdaq advanced 1.6 percent, after strong CoreWeave earnings eased AI-investment concerns. Yonhap said Nvidia fell sharply after the bell as the Wall Street Journal reported that the company's board is preparing to oust Huang. In Seoul, Samsung Electronics added 0.73 percent, SK hynix fell 0.55 percent, and Naver, where Nvidia is the third-largest shareholder, sank 3.4 percent. [1]
Sources
- (LEAD) Seoul shares turn lower amid Nvidia controversies despite Wall Street rally
Yonhap Business · · Full text