Seoul shares snap 2-day rally amid escalating Nvidia risks

Detailed summary

SEOUL, Nov. 12 (Yonhap) -- South Korean stocks fell 0.6 percent Thursday to end ...

SEOUL, Nov. 12 (Yonhap) -- South Korean stocks fell 0.6 percent Thursday to end their two-day rally, weighed heavily down by Nvidia's leadership risks. The local currency was trading higher against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) closed down 32.63 points, or 0.61 percent, at 5,342.73, reversing from a 4.39 percent rise on Tuesday and a 2.6 percent gain on Wednesday.

After opening 0.2 percent higher, the index fluctuated between gains and losses throughout the morning trading session, rising as high as 5,458.84.

U.S. media said Nvidia's board was preparing to oust CEO Jensen Huang following reports on Huang's alleged multiple extramarital affairs.

Investor sentiment was largely affected by Huang's future as the U.S. chip giant is in close business ties with Korean tech companies.

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