Nvidia's earnings report exceeded expectations, causing the South Korean stock market to rise sharply, with Samsung Electronics and SK Hynix rising over 4%.

Source: BlockMedia Original Title: [Opening Market Overview] KOSPI surges over 2% on NVIDIA's positive earnings… Samsung Electronics and SK Hynix up 4% Original Link: On the 20th, the KOSPI index of the South Korean stock market rose over 2% during intraday trading, briefly surpassing 4040 points. This was mainly boosted by NVIDIA's third-quarter financial report exceeding expectations, with continuous inflows of foreign and institutional investors.

According to data from the Korean Exchange, at 9:38 AM that morning, the KOSPI index fell by 106.20 points (2.62%) to 4032.75 points. The KOSPI opened at 4030.97 points, up 101.46 points (2.58%) from the previous trading day (3929.51 points), and the increase continued to expand.

In the stock market, individual investors net sold 45.57 billion won, while foreign and institutional investors net bought 28.84 billion won and 24.1 billion won, respectively.

From an industry perspective, most sectors, including electricity and gas (2.90%), manufacturing (2.97%), and IT (2.02%), have all risen.

Among the top 10 stocks by market capitalization, all rose except for Samsung Biologics, which is under trading suspension. Samsung Electronics rose 4.35%, SK Hynix rose 4.63%, LG Energy Solution rose 2.06%, HD Hyundai Heavy Industries rose 1.92%, and Doosan Enerbility rose 4.97%.

Broker analysts commented that Nvidia, as the focal stock in the AI bubble debate, has delivered a performance report that is a pressured event. However, the company has proven to exceed market expectations and concerns. Although this report alone may not completely end the AI bubble debate, its ability to improve market sentiment is already worth celebrating.

At the same time, the KOSDAQ index fell 17.50 points (1.99%) from the previous trading day, closing at 861.20 points. The index rose 12.78 points (1.47%) from the previous trading day (871.32 points) and opened at 884.10 points.

In the KOSDAQ market, individual investors net sold 1.81 billion won, while foreign investors bought 3.96 billion won, and institutions bought 260 million won.

Stocks at the top of the KOSDAQ market by market capitalization also rose across the board, including Ecoprof (4.92%), Peptron (4.93%), Alteo Gene (3.12%), Ecoprof BEM (2.44%), and others.

In terms of industry, all sectors saw positive growth except for the telecommunications industry (-0.25%), with notable increases in electrical and electronic (2.09%), machinery and equipment (1.91%), and metals (1.08%).

In the Seoul foreign exchange market, the exchange rate of the Korean won against the US dollar rose by 1.8 won from the previous trading day's rate of 1465.6 won, opening at 1467.4 won.