Aftermath of ‘Jensen Huang’s dismissal crisis’?… KOSPI fluctuates in flat range, but strengthens in the 1% range

In a situation where upward and downward factors are mixed, KOSPI continues to fluctuate during the day on the 12th.

As of 10:59 am on this day, KOSPI is 5,408.29, up 32.93 points (0.61%) from the previous day. However, since then, the increase has increased to around 1% again.

The index started at 5,385.94, up 10.58 points (0.20%) compared to the previous day, and is exploring direction through upward and downward transitions. So far, it is moving at less than 1%.

The index rose 4.39% on the 10th and rose 2.60% the previous day after falling due to concerns about data center delays and disruptions due to the so-called 'blue tsunami', which resulted in the Democratic Party's landslide victory in the U.S. midterm elections last week.

Foreigners, who continued the 'buy' trend in the stock market for two consecutive days until the previous day, currently have a buying advantage of 168.9 billion won. Individuals are also net buying 175.3 billion won. The institution is limiting the index's further rise with a selling advantage of 522.6 billion won.

Last night on the New York Stock Exchange, artificial intelligence (AI) and semiconductor-related stocks showed strength, while the three major stock indices rose together. The Dow Jones Industrial Average rose 0.49%, the Standard & Poor's (S&P) 500 Index rose 1.31%, and the Nasdaq Composite Index rose 1.60%.

The Philadelphia Semiconductor Index closed with a surge of 5.66%. It seems that some of the concerns about AI profitability have been resolved after Coreweave announced solid performance and an upgraded outlook the day before. Coreweave stock price soared 24.71%.

NVIDIA (+2.87%), which had recently shown weakness due to CEO Jensen Huang's affair scandal, rose thanks to the influx of counter-buying. However, the stock price fell more than 8% in after-hours trading following a report in the Wall Street Journal (WSJ) that the company's board of directors had begun preparations for the dismissal of CEO Hwang.

Managing Director Seo said, "As CEO Hwang's future becomes unclear, there is a burden that NVIDIA's aggressive AI investment strategy, product development, and cooperative relationships with major customers may be disrupted."

Domestic major stock Samsung Electronics [005930] (+2.43%) continues its upward trend, and SK Hynix [000660] fluctuates but is currently showing an increase rate of around 1%. Afterwards, Samsung Electronics increased its increase to around 3%.

Samsung Electro-Mechanics [009150] (1.41%), Samsung C&T [028260] (1.41%), Samsung SDI [006400] (0.42%), SK [034730] (2.84%) are rising, SK Square [402340] (-0.25%), LG Energy Solutions [373220] (-0.89%) and Samsung BioLogics [207940] (-0.35%) are weak.

By industry, entertainment and culture (2.76%), medical and precision equipment (2.22%), and electricity and electronics (2.12%) are rising, while many industries, including IT services (-3.14%), real estate (-2.97%), and insurance (-1.94%), are showing a downward trend.

The KOSDAQ index, which soared more than 5% the previous day, is currently at 704.90, down 0.20 points (0.03%).

The index started at 703.22, down 1.88 points (0.27%), and then fluctuated, at one point falling 1.47% to 694.76, briefly losing the 700 mark it had regained the previous day.

In the KOSDAQ market, foreigners and institutions are putting downward pressure on the index with a selling advantage of 201.6 billion won and 50.8 billion won, respectively. Individuals are leading the index with net purchases of 258.2 billion won.

Alteogen [196170] (-2.92%), Ecopro [086520] (-2.31%), Ecopro BM [247540] (-2.39%), Jusung Engineering [036930] (-1.18%) are falling, Rainbow Robotics [277810] (3.02%), Simmtech [222800] (5.59%) and Reno Industrial [058470] (2.31%) are strong.