Jim Cramer: Wall Street is focusing too much on what could go wrong instead of right
Investors shouldn't let mounting market risks overshadow the potential for a rebound, CNBC's Jim Cramer said Tuesday.
Seoul's stocks opened lower on Monday, unlike the gains on Wall Street, as investors sold off tech giants. The Korea Composite Stock Price Index (KOSPI) fell 31.68 points, or 0.63 percent, to 5,028.01 points by 9:15 a.m. U.S. major indexes had closed higher on Friday, buoyed by a rebound in chipmakers despite concerns over stricter artificial intelligence (AI) regulations following Democrats' midterm victory.
The S&P 500 increased 0.31 percent, while the tech-focused Nasdaq rose 1.09 percent. Investors are grappling with fresh uncertainties surrounding Nvidia Corp. after the company disclosed an independent probe into accusations that its CEO, Jensen Huang, was spied on by China. They are also closely watching moves from the Federal Reserve to gauge upcoming U.S. policy shifts.
In Seoul, most large-cap shares were trading down. Samsung Electronics rose 0.26 percent, SK hynix dipped 0.09 percent, Hyundai Motor fell 0.89 percent, Hanwha Aerospace declined 3.33 percent, and financial firm KB Fin remained unaffected.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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