Just when it looked like NVIDIA might provide a boost, the Bank of Korea poured cold water on the idea… Kim San’s KOSPI
Market Opens Up 2% on the Back of NVIDIA’s Strong Earnings
Index Drops to 6,840 Following the Bank of Korea’s Interest Rate Hike Announcement
Samsung and Hanwha Also See Gains Narrow
[Edaily Reporter Kwon Oh Seok ] The KOSPI, which opened higher on the 27th, is seeing its gains narrow slightly amid the session following the Bank of Korea’s announcement of a benchmark interest rate hike. Real-time KOSPI and KOSDAQ indices are displayed on an electronic board in the trading room at Hana Bank’s headquarters in Jung-gu on the 27th. (Photo = Yonhap News) According to MP Doctor, the KOSPI opened at 6,996.12, up 187.19 points (2.76%) from the previous trading day, and as of 1:41 p.m., it is trading at 6,898.27, up 90.06 points (1.32%). So far today, retail investors are the only group showing net selling on the KOSPI market, with net sales totaling 1.6789 trillion won, while foreign and institutional investors are net buyers, with 77 billion won and 356.9 billion won in net purchases, respectively. By trading type, combined arbitrage and non-arbitrage trades show a net buying position of 129.5 billion won. Earlier, the KOSPI opened higher, led by the semiconductor sector, on news of record-breaking earnings from NVIDIA, a leading artificial intelligence (AI) semiconductor stock. NVIDIA announced that revenue for the second quarter of fiscal year 2027 (May–July) reached $96.22 billion (approximately 133.3147 trillion Hanwha won), up 106% year-over-year and 18% quarter-over-quarter. Driven by explosive demand for AI chips, the company set a new record for revenue for the 13th consecutive quarter, exceeding Wall Street’s consensus estimate of $92.27 billion—compiled by financial data provider FactSet—by approximately $4 billion. However, the stock price quickly gave up its gains after news broke that the Bank of Korea’s Monetary Policy Committee had raised the benchmark interest rate to 3%, marking the second consecutive hike. The KOSPI, which had been aiming to reclaim the 7,000 level, fell back to the 6,840 mark and settled at a slightly higher level, but recovered to a gain of around 1% thanks to buying pressure from foreign and institutional investors. At the same time, SamsungElectronics(005930)and SK hynix(000660)also saw their gains narrow. SamsungElectronics traded at 266,000 won, up 4,500 won (1.72%) from the previous trading day, while SK hynix traded at 1,735,000 won, up 47,000 won (2.78%), with both stocks seeing their gains halved compared to the early trading session.
“Donghaeng,” a labor union composed primarily of employees from SamsungElectronics’ Device Experience (DX) Division, is holding a rally in front of Jay Y. Lee’s residence to demand the elimination of …
SK BIOPHARMACEUTICALS(326030)is attributing significance beyond that of a mere follow-up pipeline to Opakalim (BHV-7000), a new epilepsy drug candidate it acquired from the U.S.-based Biohaven. It is …
South Korea’s pharmaceutical and biotech sector experienced significant volatility on August 13, driven by growth themes in obesity/medical aesthetics, hair loss, and immuno-oncology. #GCWellbeing sur…