The KOSPI index is maintaining its upward trend, supported by individual investors despite selling pressure from institutions and foreign investors.
As of 1:14 PM on November 12, the KOSPI index rose by 17.44 points (0.32%) to 5,392.80 compared to the previous trading day.
In the securities market, institutions and foreign investors sold a net 687.2 billion won and 12 billion won, respectively, while individuals bought a net 283.3 billion won.
Among the top market capitalization stocks, movements were mixed. Samsung Electronics rose by 2.43%, SK Hynix by 1.10%, and SK Square by 0.38%, while LG Energy Solution fell by 1.64% and Hyundai Motor by 2.02%.
At the same time, the KOSDAQ index recorded a decline of 7.68 points (1.09%), settling at 697.42. In the KOSDAQ market, individuals purchased a net 428.8 billion won, while foreign and institutional investors sold a net 395.7 billion won and 36.7 billion won, respectively.
In the KOSDAQ market, top stocks also showed mixed results. Alteogen fell by 3.92%, EcoPro by 3.40%, EcoPro BM by 2.50%, and JUSUNG Engineering by 2.97%. Conversely, Rainbow Robotics rose by 1.15% and Simtech by 3.35%.
The market is digesting concerns surrounding the potential dismissal of Jensen Huang, CEO of NVIDIA, by the company's board. Reports from The New York Times have raised allegations of additional extramarital affairs involving Huang, increasing uncertainty about his future.
On the previous night, the New York stock market saw the Dow Jones Industrial Average rise by 0.49%, the S&P 500 by 1.31%, and the Nasdaq Composite by 1.60%. Notably, AI and semiconductor stocks performed strongly, with the Philadelphia Semiconductor Index surging by 5.66%.
Seo Sang-young, an executive at Mirae Asset Securities, stated, "The uncertainty surrounding Jensen Huang's position could pose a burden, as it may disrupt NVIDIA's aggressive AI investment strategy, product development, and relationships with key clients."
Han Ji-young, a researcher at Kiwoom Securities, noted, "Reports of Jensen Huang's alleged extramarital affairs and the board's preparations for his dismissal have led to NVIDIA's stock showing weakness in after-hours trading, dropping over 8%. However, the positive performance of CoreWeave and the successful demand forecast for Anthropic's IPO may sustain a risk-on sentiment, leading to a neutral or positive stock trend."
* This article has been translated by AI.
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