Kospi Steadies on Samsung Gains as Nvidia Turmoil Spreads
By Damilola Esebame
AI summary of the source article
South Korea's Kospi fell 0.61% on 12 November after reports that Nvidia's board was preparing to remove CEO Jensen Huang hit chip stocks. Samsung Electronics rose 0.97%, while SK Hynix dropped 1.80% on higher Nvidia exposure.
Why it matters
The outlook for AI infrastructure spending and memory-chip demand remains an important factor for investors assessing Nvidia's supply chain.
Key facts
- South Korea's Kospi closed down 0.61% at 5,342.73 on 12 November, with institutions net selling 691.1 billion won.
- Samsung Electronics rose 0.97% while SK Hynix fell 1.80%, tracking each firm's respective exposure to Nvidia.
- Foreign investors net bought 744.9 billion won of Samsung Electronics and net sold 872 billion won of SK Hynix.
Source excerpt · FinanceFeeds
South Korea’s Kospi closed at 5,342.73 on 12 November, down 32.63 points or 0.61%, snapping a two-day rally that had added 7.1% to the index, Korea JoongAng Daily reported . Samsung Electronics rose 0.97% to 208,000 won while SK Hynix fell 1.80% to 1,254,000 won, a split that tracked each chipmaker’s exposure to Nvidia’s deepening leadership crisis. The Session Opened Higher and Reversed on the Nv…