South Korea's KOSPI jumps 8% weekly despite Nvidia leadership turmoil
South Korea's KOSPI rose 2.4% on Friday and is on track for a 7.9% weekly gain, as investors looked past leadership turmoil at Nvidia.
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what happened
According to Reuters, the benchmark KOSPI was up 128.36 points, or 2.40%, at 5,471.09 as of 0130 GMT, putting it on course for a 7.9% gain over the week. Traders brushed off concerns about leadership changes at Nvidia, a key partner for South Korea's two largest listed companies.
Samsung Electronics added 2.64% and SK Hynix gained 2.71%, while Hyundai Motor rose 4.50%. Foreign investors bought shares worth 161.0 billion won and have been net buyers for four straight sessions.
why it matters
Analysts point to steady demand for high-bandwidth memory and next-generation chips as the main support for the market. One analyst at Shinhan Investment & Securities warned of possible risks for financing tied to Nvidia, yet investors appear to separate the company's executive issues from the wider AI industry. The won firmed to 1,331.6 per dollar, and the 10-year yield rose to 4.016%.
market impact
South Korean stocks: chip demand and foreign buying support the KOSPI index
- KOSPI pressure up — foreign buying and gains in semiconductor shares support the index
- Samsung Electronics pressure up — steady demand for memory chips used in AI supports the shares
tags
instruments
on polymarket
sources
- South Korean shares surge 8% for the week as traders shrug off Nvidia crisis — Reuters, 13 November 2026 at 03:12 UTC
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