{
  "id": 19581783,
  "title": "Seoul shares turn lower amid Nvidia controversies despite Wall Street rally",
  "url": "https://urgent.news/2026/11/12/seoul-shares-turn-lower-amid-nvidia-controversies-despite-wall-street-19581783",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T01:27:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261112/seoul-shares-turn-lower-amid-nvidia-controversies-despite-wall-street-rally"
  },
  "original_language": "en",
  "account": "Korean shares slipped on Thursday despite a Wall Street rally fueled by a tech surge, as controversies surrounding Nvidia CEO Jensen Huang overshadowed the market. The Korea Composite Stock Price Index (KOSPI) initially opened 0.2 percent higher but soon turned negative, slipping 11.32 points, or 0.21 percent, to 5,364.04 by 9:15 a.m.\n\nOn Wall Street, three major stock indexes made gains overnight. The Dow Jones Industrial Average climbed 0.49 percent, the S&P 500 increased 1.31 percent, and the Nasdaq Composite rose 1.6 percent. Positive earnings reports from neocloud firm CoreWeave helped alleviate investor concerns over the profitability of significant AI investments.\n\nHowever, Nvidia's stock suffered a sharp decline after the market closed as reports emerged that its board was planning to remove Huang from his position. The Wall Street Journal revealed that the company's board intended to oust the CEO, while a New York Times report alleged that Huang had an extramarital affair with a company executive who reported to him. Additionally, the CEO admitted to having a relationship with a suspected Chinese spy.\n\nIn Seoul, semiconductor shares were relatively mixed. Samsung Electronics experienced a modest gain of 0.73 percent, while another major chipmaker saw less significant movement.",
  "summary": "Korean shares turned lower Thursday despite overnight gains on Wall Street driven by a tech rally amid escalating controversies over Nvidia CEO Jensen Huang. After opening 0.2 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) turned negative, losing 11.32 points, or 0.21 percent, to 5,364.04 as of 9:15 a.m. Overnight on Wall Street, three major stock indexes finished higher.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Just how deep do Alice Huang’s Hong Kong business links run amid the Nvidia affair?",
        "url": "https://urgent.news/2026/11/11/just-how-deep-do-alice-huangs-hong-kong-business-links-run-amid-the",
        "published": "2026-11-11T23:30:08.000Z"
      },
      {
        "outlet": "Le Monde English",
        "title": "Nvidia CEO faces allegations of second affair with employee after ties to Chinese woman suspected of espionage",
        "url": "https://urgent.news/2026/11/12/nvidia-ceo-faces-allegations-of-second-affair-with-employee-after",
        "published": "2026-11-12T01:13:18.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "What could Chinese intelligence have learned from Nvidia CEO’s affair?",
        "url": "https://urgent.news/2026/11/12/what-could-chinese-intelligence-have-learned-from-nvidia-ceos-affair",
        "published": "2026-11-12T01:33:09.000Z"
      },
      {
        "outlet": "Jerusalem Post",
        "title": "Nvidia prepares to oust CEO Huang after two affairs, including with suspected Chinese spy - report",
        "url": "https://urgent.news/2026/11/12/nvidia-prepares-to-oust-ceo-huang-after-two-affairs-including-with",
        "published": "2026-11-12T02:12:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}