[Edaily Reporter KIM YOON-JEONG ] The KOSPI opened more than 2% higher on the 13th and has been extending its gains in early trading. Although U.S. stock markets fell across the board overnight amid the shock of NVIDIA CEO Jensen Huang’s resignation, major semiconductor stocks such as SamsungElectronics and SK hynix are showing strong gains in the domestic market.

According to MP Doctor, as of 9:08 a.m. today, the KOSPI is trading at 5,481.84, up 139.11 points (2.60%) from the previous trading day.
The index opened at 5,452.41, up 109.68 points (2.05%) from the previous trading day. It subsequently extended its gains, briefly reaching 5,491.87 during the session.
By investor type, foreign investors are driving the index higher with net purchases of 208.7 billion won, while institutions are net buyers of 8.4 billion won. In contrast, retail investors are net sellers of 231.9 billion won.
Most of the top market-cap stocks are on the rise. SamsungElectronics(005930)is trading at 215,250 won, up 7,250 won (3.49%) from the previous trading day. SK hynix(000660)is also up 61,000 won (4.86%) to 1,315,000 won. SamsungElectronics(1P)(005935)is trading at 174,500 won, up 6,200 won (3.68%), while SKSQUARE(402340)is trading at 813,000 won, up 22,000 won (2.78%).
In addition, SamsungElectroMechanics(009150)(6.09%), Samsung Life Insurance(032830)(2.20%), HyundaiMotor(005380)(1.50%), KB Financial Group(105560)(0.86%), Celltrion(068270)(0.48%), and LG Energy Solution(373220)(0.30%) are also on the rise. On the other hand, SAMSUNG BIOLOGICS(207940)(-0.83%) is falling.
Overnight on the New York Stock Exchange, all three major indices fell in unison amid concerns over management uncertainty at NVIDIA and rising international oil prices and U.S. Treasury yields. Following news of CEO Jensen Huang’s resignation, NVIDIA’s stock price plummeted by as much as 14% early in the session before paring its losses to close down 4.34%.
In contrast, NVIDIA’s competitors, AMD and Broadcom, each rose by around 5%. This is interpreted as reflecting expectations that the uncertainty surrounding NVIDIA’s management could lead to a shift in demand toward competitors rather than an overall contraction in demand for artificial intelligence (AI) semiconductors.
Securities analysts believe that, with much of the negative news surrounding NVIDIA already priced into the stock, bargain-hunting will support the bottom of the domestic stock market.
Han Ji-young, an analyst at KIWOOM Securities, predicted, “Despite external headwinds such as Jensen Huang’s resignation, the weak performance of Navius shares, and rising interest rates and oil prices, the domestic stock market has already partially priced in some of these negative factors. With bargain-hunting activity limiting the index’s downside, we expect to see a market characterized by sector-specific performance.”
The KOSDAQ Index is also up by around 2%. As of this writing, the KOSDAQ Index is trading at 710.64, up 14.11 points (2.03%) from the previous trading day. The index opened at 705.96, up 9.43 points (1.35%), and has since recovered to the 710 level.
In the KOSDAQ market, retail investors and institutional investors are net buyers of 22.6 billion won and 8.4 billion won, respectively. In contrast, foreign investors are net sellers of 24.8 billion won.
The top KOSDAQ stocks by market capitalization are all on the rise. Alteogen Inc.(196170), the top stock by market capitalization, is trading at 180,800 won, up 3,400 won (1.92%) from the previous trading day. ECOPRO CO., LTD(086520), ranked second, is trading at 73,300 won, up 900 won (1.24%).
In addition, Rainbow Robotics(277810)is trading at 371,500 won, up 26,000 won (7.53%), and JUSUNG ENGINEERING Co.,Ltd.(036930)is trading at 180,100 won, up 8,100 won (4.71%). WONIK IPS Co.,Ltd.(240810)is trading at 81,900 won, up 2,700 won (3.41%), while SIMMTECH Co., Ltd.(222800)is trading at 127,400 won, up 3,500 won (2.82%). EO Technics Co., Ltd.(039030)(2.72%), LEENO Industrial Inc(058470)(2.48%), ECOPRO BM CO., LTD.(247540)(1.67%), SAM CHUN DANG PHARM CO. LTD(000250)(1.21%), and HLB INC.(028300)(0.51%) are also on the rise.