South Korean Shares Fall Amid Nvidia Concerns
The benchmark KOSPI saw choppy trading on Thursday, swinging between gains and losses before falling 0.46% to around 5,350, as concerns surrounding Nvidia CEO Jensen Huang tempered optimism from overnight gains on Wall Street. US stocks rallied after strong earnings from neocloud firm CoreWeave eased concerns over the profitability of massive AI investments, with the Dow Jones rising 0.49%, the S&P 500 gaining 1.31%, and the Nasdaq advancing 1.6%. However, Nvidia fell sharply in after-hours trading following reports of potential leadership changes and allegations involving Huang, weighing on sentiment toward technology shares. Among major local stocks, LG Energy Solution (-1.34%), Naver (-3.65%), SK Square (-1.01%), and Meritz Financial (-11.97%) declined, while Samsung Electronics (2.43%) and SK Hynix (0.39%) advanced.
The benchmark KOSPI saw choppy trading on Thursday, swinging between gains and losses before falling 0.46% to around 5,350, as concerns surrounding Nvidia CEO Jensen Huang tempered optimism from overnight gains on Wall Street. US stocks rallied after strong earnings from neocloud firm CoreWeave eased concerns over the profitability of massive AI investments, with the Dow Jones rising 0.49%, the S&P 500 gaining 1.31%, and the Nasdaq advancing 1.6%. However, Nvidia fell sharply in after-hours trading following reports of potential leadership changes and allegations involving Huang, weighing on sentiment toward technology shares.
Among major local stocks, LG Energy Solution (-1.34%), Naver (-3.65%), SK Square (-1.01%), and Meritz Financial (-11.97%) declined, while Samsung Electronics (2.43%) and SK Hynix (0.39%) advanced.