Stocks close lower as investors search for directions amid AI sector uncertainties
SEOUL, Nov. 9 (Yonhap) -- Seoul stocks closed lower Monday as investors digest u...
Seoul stocks fell on Monday as investors grappled with uncertainties in the artificial intelligence (AI) sector following an internal probe at Nvidia Corp. The benchmark Korea Composite Stock Price Index (KOSPI) dropped 40.84 points, or 0.81 percent, to close at 5,018.85. Investors were searching for direction amid lingering concerns about the future of AI data centers following the Democrats' victory in the U.S. midterms.
While semiconductors showed some recovery, the scandal surrounding Nvidia's CEO, Jensen Huang, added fresh uncertainty. Huang admitted to infidelity and accepted responsibility in a statement to his employees, causing additional jitters in the market.
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