Seoul stocks open tad lower ahead of Nvidia earnings
Seoul stocks opened slightly lower Wednesday, as investors took to the sidelines ahead of the earnings release from U.S. chip giant Nvidia. The benchmark Korea Composite Stock Price (KOSPI) opened 15.49, or 0.23 percent, lower at 6,727.26 at the opening bell. Overnight, major stocks indexes on Wall Street closed higher on a chip rebound, while a drop in global oil prices and U.S. Treasury yields…
The Korea Times reports that Seoul stocks opened slightly lower on Wednesday, as investors prepared for Nvidia's upcoming earnings release. The KOSPI index, which serves as the benchmark for the South Korean market, began the day 0.23 percent lower at 6,727.26 points. Despite this, Wall Street indices managed to close higher on Wednesday, with the tech-heavy Nasdaq gaining 0.66 percent and the S&P500 adding 0.32 percent.
The relief in the market was attributed to a drop in global oil prices and a decline in U.S. Treasury yields. Analysts are closely monitoring Nvidia's earnings, as the results could have significant implications for the company's share price and the broader AI industry.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Nvidia shares set for US$280 billion price swing after earnings, options show channelnewsasia.com
- Louis Navellier has blunt message on Nvidia’s reign before earnings finance.yahoo.com
- Seoul stocks turn higher after weak start ahead of Nvidia earnings koreatimes.co.kr
- Nvidia's 'expectations premium' dogs the stock after earnings. Here's what analysts are watching cnbc.com
- Seoul stocks open tad lower ahead of Nvidia earnings en.yna.co.kr
- Wall Street ended higher ahead of Nvidia earnings and key inflation data seekingalpha.com
