Seoul shares open higher on Wall Street tech rally amid Nvidia controversies
김보람
2026-11-12 09:03:00
SEOUL, Nov. 12 (Yonhap) -- South Korean shares started higher tracking overnight gains on Wall Street driven by a tech rally amid escalating controversies over Nvidia CEO Jensen Huang.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 10.58 points, or 0.2 percent, to 5,385.94 at the opening bell.
Overnight on Wall Street, three major stock indexes finished higher. The Dow Jones Industrial Average rose 0.49 percent, the S&P 500 gained 1.31 percent, and the Nasdaq Composite advanced 1.6 percent.
Strong earnings reports from neocloud firm CoreWeave eased investor concerns over the profitability of massive AI investment.
However, Nvidia fell sharply after the bell as the Wall Street Journal reported that the company's board is preparing to oust Huang.
Later, a New York Times report said that Huang had an extramarital affair with a company executive who reported to him, while the Nvidia CEO had admitted that he had a relationship with a suspected Chinese spy.
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