Stock market performs well despite ‘Jensen Huang’s retirement’… KOSPI·KOSDAQ, rising trend of 2% (comprehensive)

Despite the resignation of Nvidia CEO Jensen Hwang, KOSPI is rising more than 2% in the early trading on the 13th.

As of 9:14 am on this day, KOSPI is 5,496.43, up 153.70 points (2.88%) from the previous day.

The index started at 5,452.41, up 109.68 points (2.05%) from the previous day, and jumped to 5,504.44, up 3.03% at one point in early trading, touching the 5,500 mark.

In the stock market, foreigners have a buying advantage of 200 billion won, continuing the 'buyer' trend for four consecutive trading days. Institutions also have a buying advantage of 50.6 billion won.

Individuals have continued to sell net for 5 consecutive trading days with a selling advantage of 276.2 billion won.

Foreigners also have a buying advantage of 25.3 billion won in the KOSPI 200 futures market.

Last night, Nvidia's board of directors announced in a statement that Nvidia CEO Jensen Huang would step down from his position as CEO and director effective immediately. At the same time, Colette Kress, Chief Financial Officer (CFO) and Executive Vice President, was appointed as interim CEO.

CEO Hwang has recently caused a stir due to an affair scandal, and the domestic stock market appears to have been partially affected by news of his possible dismissal the previous day.

In the New York stock market, all three major stock indexes fell amid CEO Hwang's resignation and a surge in international oil prices. The Dow Jones Industrial Average fell 189.40 points (0.36%) from the previous day, and the Standard & Poor's (S&P) 500 Index and Nasdaq Composite Index closed down 0.35% and 0.39%, respectively.

NVIDIA's stock price started off plummeting by 13.08%, but gradually narrowed the decline and ended up falling by 4.34%.

As concerns about the AI ​​(artificial intelligence) supply chain from Nvidia emerged, memory suppliers Micron (-1.59%), SanDisk (-4.11%), and SK Hynix American Depository Receipt (ADR·-3.19%) fell. The Philadelphia Semiconductor Index was weak by 0.54%.

Competitors AMD (+5.86%) and Broadcom (+5.54%) showed strength in anticipation of a return to the Nvidia incident.

Investor sentiment was also dampened by the resurgence of international oil prices due to the impact of U.S. President Donald Trump's hard-line remarks against Iran on his social media, saying, "We do not need an agreement with Iran."

The price of West Texas Intermediate (WTI) crude oil (WTI) futures for December delivery rose 2.55% from the previous day, and the price of Brent crude oil futures for January delivery rose 3.30%.

However, the domestic stock market is showing an upward trend as foreign buying continues.

Samsung Electronics [005930] (+3.37%) and SK Hynix [000660] (+4.70%), the 'two top' domestic semiconductor companies, are showing a clear strength unlike the previous day.

Many of the top stocks in the KOSPI market capitalization ranking are rising, including SK Square [402340] (2.78%), LG Energy Solution [373220] (0.15%), and Samsung Electro-Mechanics [009150] (6.21%). Samsung BioLogics [207940] (-1.04%), Naver [035420] (-2.37%), and Korea Electric Power Corporation [015760] (-9.30%) are falling.

By industry, electricity and electronics (3.96%) had the highest increase rate. Manufacturing (3.43%) and securities (3.29%) are also rising. The electricity and gas (-7.56%) industries are plummeting, and textiles and clothing (-0.27%) and real estate (-0.17%) are also falling.

At the same time, the KOSDAQ index rose 20.40 points (2.93%) to 716.93.

The index started at 705.96, up 9.43 points (1.35%) on this day and regained the 700 mark. At one point, it rose to 717.43, which is 3.00% higher.

In the KOSDAQ market, individuals and institutions are net buying 14.6 billion won and 12 billion won, respectively. Foreigners have a selling advantage of 27.2 billion won.

Stocks at the top of the KOSDAQ market capitalization ranking, such as Alteogen [196170] (2.25%), Ecopro [086520] (1.80%), Ecopro BM [247540] (1.89%), Jusung Engineering [036930] (4.19%), and Rainbow Robotics [277810] (7.38%), are also generally strong. Pearl Abyss [263750] (-7.04%), Silicon Two [257720] (-2.21%), and JYP Entertainment [035900] (-1.00%) are falling.