Next week, the domestic stock market is expected to be influenced by U.S. interest rate trends and investor sentiment regarding artificial intelligence (AI). As retail sales data and the minutes from the October Federal Open Market Committee (FOMC) meeting are released, the potential for further tightening by the Federal Reserve will be assessed. Additionally, NVIDIA's earnings report and Anthropic's IPO are anticipated to impact investment sentiment in AI-related stocks.
According to the Korea Exchange, the KOSPI closed at 5,290.53 on the 13th, down 52.20 points (0.98%) from the previous trading day. This marks a 1.73% decline compared to the closing price of 5,383.80 on November 6. In contrast, the KOSDAQ rose by 3.13 points (0.45%) to close at 699.66, reflecting a 3.13% increase from its closing price of 678.41 on November 6.
Key themes this week included 'AI uncertainty' and 'uncertainty surrounding NVIDIA's management.' As concerns over AI data center regulations eased and CoreWeave reported strong performance, the index rebounded sharply. However, the unexpected resignation of Jensen Huang, NVIDIA's former CEO, has heightened market uncertainty once again.
Next week, the most significant events in the U.S. financial markets will be the retail sales report and the October FOMC minutes. The U.S. retail sales data, set to be released on the 17th (Korean time), is expected to show a slowdown in growth compared to the previous month. This could limit upward pressure on U.S. Treasury yields.
The FOMC minutes, to be released on the 19th, are anticipated to provide clues about future monetary policy direction. Kim Yu-mi, a researcher at Kiwoom Securities, stated, "The minutes may confirm a hawkish view on inflation risks, and depending on the stance and tone regarding the necessity for future rate hikes, volatility in U.S. Treasury yields and the dollar could increase."
With several hawkish comments from Federal Reserve officials this week, market caution is rising. Kwon Hee-jin, a researcher at KB Securities, noted, "There have been many hawkish remarks from Fed officials this week. Governor Waller mentioned the possibility of a 50 basis point hike, and President Goolsbee described the current situation as a 'precarious moment' for the Fed."
Key events in the U.S. stock market include NVIDIA's third-quarter earnings report scheduled for the 17th (Korean time on the 18th) and Anthropic's IPO on the 19th (Korean time on the 20th). The market expects NVIDIA's third-quarter earnings and fiscal year 2027 revenue and profit to continue showing significant growth. The growth outlook and the recent decline in stock prices are seen as factors supporting investment attractiveness.
Hwang San-hae, a researcher at LS Securities, commented, "In this NVIDIA earnings report, it is essential to focus on confirming fundamentals and hints regarding the controversial impact of indirect exports to China, as well as future management direction. The market's attention will be on whether it can deliver safe earnings, and the direction regarding future management gaps will also be crucial."
Anthropic's IPO is expected to serve as an indicator of future AI investment sentiment. Bloomberg reported that demand for shares in Anthropic's IPO has reached approximately six times the number of shares being offered. The fundraising amount could reach up to $90.4 billion (approximately 121 trillion won), making it the largest IPO in history. The success of Anthropic's listing is likely to reflect market confidence in AI infrastructure demand and investment sentiment related to the supply chain.
Geopolitical events are also on the horizon. The U.S. and China are planning a summit during the Asia-Pacific Economic Cooperation (APEC) meeting on the 18th and 19th. Ha Geon-hyung, a researcher at Shinhan Investment Corp, stated, "At the APEC meeting in Shenzhen, attention will be on confirming the follow-up direction regarding tariff exemptions and export control suspensions, as well as the possibility of a trilateral meeting between the U.S., China, and Russia regarding ceasefire negotiations in Ukraine and subsequent negotiation schedules."
Ultimately, next week's stock market is expected to be influenced by both U.S. interest rate trends and AI investment sentiment. If concerns about further tightening by the Fed ease and Treasury yields stabilize, volatility in the domestic stock market may decrease. Additionally, if NVIDIA meets market expectations with its earnings and Anthropic's IPO is successful, improved investment sentiment may spread throughout the domestic AI value chain.
According to the Korea Exchange, the KOSPI closed at 5,290.53 on the 13th, down 52.20 points (0.98%) from the previous trading day. This marks a 1.73% decline compared to the closing price of 5,383.80 on November 6. In contrast, the KOSDAQ rose by 3.13 points (0.45%) to close at 699.66, reflecting a 3.13% increase from its closing price of 678.41 on November 6.
Key themes this week included 'AI uncertainty' and 'uncertainty surrounding NVIDIA's management.' As concerns over AI data center regulations eased and CoreWeave reported strong performance, the index rebounded sharply. However, the unexpected resignation of Jensen Huang, NVIDIA's former CEO, has heightened market uncertainty once again.
Next week, the most significant events in the U.S. financial markets will be the retail sales report and the October FOMC minutes. The U.S. retail sales data, set to be released on the 17th (Korean time), is expected to show a slowdown in growth compared to the previous month. This could limit upward pressure on U.S. Treasury yields.
The FOMC minutes, to be released on the 19th, are anticipated to provide clues about future monetary policy direction. Kim Yu-mi, a researcher at Kiwoom Securities, stated, "The minutes may confirm a hawkish view on inflation risks, and depending on the stance and tone regarding the necessity for future rate hikes, volatility in U.S. Treasury yields and the dollar could increase."
With several hawkish comments from Federal Reserve officials this week, market caution is rising. Kwon Hee-jin, a researcher at KB Securities, noted, "There have been many hawkish remarks from Fed officials this week. Governor Waller mentioned the possibility of a 50 basis point hike, and President Goolsbee described the current situation as a 'precarious moment' for the Fed."
Key events in the U.S. stock market include NVIDIA's third-quarter earnings report scheduled for the 17th (Korean time on the 18th) and Anthropic's IPO on the 19th (Korean time on the 20th). The market expects NVIDIA's third-quarter earnings and fiscal year 2027 revenue and profit to continue showing significant growth. The growth outlook and the recent decline in stock prices are seen as factors supporting investment attractiveness.
Hwang San-hae, a researcher at LS Securities, commented, "In this NVIDIA earnings report, it is essential to focus on confirming fundamentals and hints regarding the controversial impact of indirect exports to China, as well as future management direction. The market's attention will be on whether it can deliver safe earnings, and the direction regarding future management gaps will also be crucial."
Anthropic's IPO is expected to serve as an indicator of future AI investment sentiment. Bloomberg reported that demand for shares in Anthropic's IPO has reached approximately six times the number of shares being offered. The fundraising amount could reach up to $90.4 billion (approximately 121 trillion won), making it the largest IPO in history. The success of Anthropic's listing is likely to reflect market confidence in AI infrastructure demand and investment sentiment related to the supply chain.
Geopolitical events are also on the horizon. The U.S. and China are planning a summit during the Asia-Pacific Economic Cooperation (APEC) meeting on the 18th and 19th. Ha Geon-hyung, a researcher at Shinhan Investment Corp, stated, "At the APEC meeting in Shenzhen, attention will be on confirming the follow-up direction regarding tariff exemptions and export control suspensions, as well as the possibility of a trilateral meeting between the U.S., China, and Russia regarding ceasefire negotiations in Ukraine and subsequent negotiation schedules."
Ultimately, next week's stock market is expected to be influenced by both U.S. interest rate trends and AI investment sentiment. If concerns about further tightening by the Fed ease and Treasury yields stabilize, volatility in the domestic stock market may decrease. Additionally, if NVIDIA meets market expectations with its earnings and Anthropic's IPO is successful, improved investment sentiment may spread throughout the domestic AI value chain.
* This article has been translated by AI.
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