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South Korea shares close down amid Nvidia leadership uncertainty

Business Recorder • • 1 min read

South Korea shares close down amid Nvidia leadership uncertainty

South Korean equities finished Thursday lower, with the KOSPI ending at 5,342.73, down 32.63 points or 0.61%, Business Recorder reported. Trading took place amid questions about Nvidia chief executive Jensen Huang’s position: Reuters reported that the company’s board met on Wednesday to consider whether to remove him, following reports about two extramarital affairs involving the longtime leader.

Moves among major shares were mixed: Samsung Electronics added 0.97%, while SK Hynix fell 1.80%; LG Energy Solution, Hyundai Motor and Kia also closed lower. The won gained against the dollar, and foreign investors bought shares worth 374.6 billion won. In bond trading, the 10-year government yield declined 2.9 basis points to 3.923%, while the three-year yield held at 3.733%.

At a glance

  • The KOSPI fell 0.61% to 5,342.73 on Thursday.
  • Reuters reported Nvidia’s board met to consider Jensen Huang’s position.
  • The won strengthened and foreign investors were net buyers of shares.
Sectors:Technology & Communication

Originally reported by Business Recorder

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