(2nd LD) Stocks close lower as investors search for direction amid AI sector uncertainties
SEOUL, Nov. 9 (Yonhap) -- Seoul stocks closed lower Monday as investors digest u...
Seoul stocks fell on November 9 as investors grappled with uncertainties surrounding the artificial intelligence (AI) sector, including an internal probe at Nvidia Corp. following allegations of its chief, Jensen Huang, being targeted by a Chinese spy. The Korea Composite Stock Price Index (KOSPI) closed 0.81% lower at 5,018.85 points.
The local currency strengthened against the U.S. dollar, closing at 1,347.1 won. Bond prices declined, with the yield on three-year Treasurys rising to 3.639%. Investors sought direction amid ongoing bargain hunting in semiconductors, as concerns over AI data centers eased following the Democrats' victory in the U.S. midterms. However, the Nvidia CEO scandal caused renewed jitters.
Major companies saw mixed results, with Samsung Electronics, SK hynix, LG Energy Solution, Hyundai Motor, and Hanwha Aerospace all closing lower.
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