Business · Markets · 23 mins ago
South Korean stocks rise despite Nvidia CEO Jensen Huang’s resignation
On Nov.
13, South Korea’s KOSPI and KOSDAQ rose in early trading despite concerns in global markets.
The move came after news that Nvidia CEO Jensen Huang had resigned, raising concerns about the chipmaker’s leadership.
The previous night, major US stock indexes fell as investors reacted to the news and rising oil prices.
In Seoul, foreign investors were buying shares on the main market, helping the KOSPI climb more than 2% at one point.
Samsung Electronics and SK Hynix, two major semiconductor companies, also gained, while the KOSDAQ rose nearly 2%.
The gains suggest investors were buying stocks after earlier declines, but rising oil prices and interest rates remain risks that could affect markets.
South Korean stocks rose more than 2% in early trading on 13 November despite Nvidia CEO Jensen Huang’s resignation.
The KOSPI opened 2.05% higher at 5,452.41 and briefly climbed above 5,500.
The KOSDAQ also rose, gaining around 2% to 3% in early trading.
Foreign investors were net buyers of KOSPI shares, while Samsung Electronics and SK Hynix advanced.
Reports cited bargain buying and the view that some concerns had already been reflected in prices as factors supporting the market.
- Who
- South Korean stock markets and investors; Nvidia CEO Jensen Huang resigned.
- What
- The KOSPI and KOSDAQ rose in early trading despite Huang’s resignation and other external concerns.
- When
- 13 November 2026, during early trading.
- Where
- South Korea’s stock markets.
- Why
- Reports cited foreign investor buying, bargain hunting and the view that some of the bad news had already been priced in.
This story does not have two clearly opposing sides.
Nvidia’s board announced that Jensen Huang would immediately step down as CEO and director and named CFO Colette Kress interim CEO.
US stocks fell amid Huang’s resignation and rising oil prices.
The KOSPI opened 2.05% higher at 5,452.41, and the KOSDAQ also rose.
- KOSPI opening
- 5,452.41, up 2.05%
- KOSPI intraday high
- 5,504.44, briefly above 5,500
- KOSDAQ
- Rose about 2% to 3% in early trading
- Nvidia interim CEO
- Colette Kress, the company’s CFO and executive vice president
- Foreign investors
- Net buyers of KOSPI shares for four consecutive trading days
4 sources
What people are saying
Despite external factors weighing on the market, including the issue of CEO Jensen Huang’s resignation, Nebius shares weakening, and rising interest rates and oil prices, some of the related bad news has already been priced in and bargain buying has flowed in, limiting downside pressure on the index.
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