The KOSPI index has risen more than 2% thanks to significant foreign net buying. Samsung Electronics and SK Hynix are both showing gains of over 3%.
On November 13, the Korea Exchange reported that the KOSPI opened at 5,460.08, up 117.35 points (2.20%) from the previous trading day.
In the securities market, foreign and institutional investors have net bought 320.7 billion won and 30.9 billion won, respectively, while individuals have net sold 378.2 billion won.
Most of the top market capitalization stocks are rising. Samsung Electronics is up 3.73%, SK Hynix is up 4.78%, SK Square is up 3.03%, and Samsung Electro-Mechanics is up 4.85%.
At the same time, the KOSDAQ index opened at 706.64, up 9.43 points (1.35%) from the previous trading day. In the KOSDAQ market, foreign investors have net sold 58.8 billion won, while individuals and institutions have net bought 46.6 billion won and 8.9 billion won, respectively.
Most of the top market capitalization stocks in KOSDAQ are also rising. Alteogen is up 2.72%, EcoPro is up 1.66%, EcoPro BM is up 2.11%, JUSUNG Engineering is up 6.50%, and Wonik IPS is up 3.79%.
Meanwhile, the market is also digesting the management uncertainty following the resignation of Jensen Huang, CEO of NVIDIA. The NVIDIA board announced that Huang has stepped down as CEO and director effective immediately. Colette Kress, the Chief Financial Officer and Senior Vice President, has been appointed as interim CEO.
As a result, NVIDIA's stock price initially dropped over 13% due to the uncertainty surrounding Huang's resignation but later reduced its losses, closing down 4.34% at $166.19.
At the same time, there was an influx of bargain buying. According to Reuters, individual investors net bought approximately $111 million worth of NVIDIA shares within the first 30 minutes of trading. This marks the largest net buying amount for NVIDIA immediately after the market opened, according to data from Bandari Research.
Han Ji-young, a researcher at Kiwoom Securities, stated, "Despite external pressures such as the resignation of CEO Huang, the weak stock price of Nevius, and rising interest rates and oil prices, some of these negative factors have already been priced in, and the influx of bargain buying is likely to limit further declines in the index, leading to a differentiated performance among sectors."
On November 13, the Korea Exchange reported that the KOSPI opened at 5,460.08, up 117.35 points (2.20%) from the previous trading day.
In the securities market, foreign and institutional investors have net bought 320.7 billion won and 30.9 billion won, respectively, while individuals have net sold 378.2 billion won.
Most of the top market capitalization stocks are rising. Samsung Electronics is up 3.73%, SK Hynix is up 4.78%, SK Square is up 3.03%, and Samsung Electro-Mechanics is up 4.85%.
At the same time, the KOSDAQ index opened at 706.64, up 9.43 points (1.35%) from the previous trading day. In the KOSDAQ market, foreign investors have net sold 58.8 billion won, while individuals and institutions have net bought 46.6 billion won and 8.9 billion won, respectively.
Most of the top market capitalization stocks in KOSDAQ are also rising. Alteogen is up 2.72%, EcoPro is up 1.66%, EcoPro BM is up 2.11%, JUSUNG Engineering is up 6.50%, and Wonik IPS is up 3.79%.
Meanwhile, the market is also digesting the management uncertainty following the resignation of Jensen Huang, CEO of NVIDIA. The NVIDIA board announced that Huang has stepped down as CEO and director effective immediately. Colette Kress, the Chief Financial Officer and Senior Vice President, has been appointed as interim CEO.
As a result, NVIDIA's stock price initially dropped over 13% due to the uncertainty surrounding Huang's resignation but later reduced its losses, closing down 4.34% at $166.19.
At the same time, there was an influx of bargain buying. According to Reuters, individual investors net bought approximately $111 million worth of NVIDIA shares within the first 30 minutes of trading. This marks the largest net buying amount for NVIDIA immediately after the market opened, according to data from Bandari Research.
Han Ji-young, a researcher at Kiwoom Securities, stated, "Despite external pressures such as the resignation of CEO Huang, the weak stock price of Nevius, and rising interest rates and oil prices, some of these negative factors have already been priced in, and the influx of bargain buying is likely to limit further declines in the index, leading to a differentiated performance among sectors."
* This article has been translated by AI.
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