Seoul shares start sharply higher following Nvidia's leadership change
Résumé détaillé
SEOUL, Nov. 13 (Yonhap) -- South Korean stocks opened sharply higher Friday desp...
SEOUL, Nov. 13 (Yonhap) -- South Korean stocks opened sharply higher Friday despite U.S. losses following the departure of Nvidia CEO Jensen Huang, who has been deeply connected with the current artificial intelligence (AI) boom.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 109.68 points, or 2.05 percent, to 5,452.41 at the opening bell.
Overnight on Wall Street, major stock indices finished lower due to losses in tech shares.
The Dow Jones Industrial Average fell 0.36 percent, the S&P 500 lost 0.35 percent, and the Nasdaq Composite declined 0.39 percent.
After reports of multiple affairs, including the one with a suspected Chinese spy, Nvidia's board ousted Huang from the CEO position and named CFO Colette Kress as interim CEO.
Huang's departure casts questions among investors about the future of the global AI ecosystem, in which the Nvidia founder played a crucial role.
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