Stocks in South Korea and Japan rose in early trading on Friday, a day after Nvidia’s shares fell on Wall Street. As of 9:54 a.m. local time, South Korea’s Kospi index was up 2.4% at 5,470.95, and Japan’s Nikkei 225 was up 1.4% at 61,681.08.
Chip stocks led the gains. In Seoul, SK Hynix rose 3.1% and Samsung Electronics gained 2.8%. In Tokyo, chip-equipment maker Tokyo Electron climbed 3.1%.
On Thursday, Nvidia shares closed down 4.3% at $166.19 in the first trading session since the company said Jensen Huang had resigned as chief executive. The S&P 500 fell 0.4% to 7,592.40.
CNBC said Asian investors were digesting the developments at Nvidia. The reports we found gave no other specific reason for Friday’s gains. Australia’s S&P/ASX 200 bucked the trend and fell about 0.9%.
These are early-session prices and will change before markets close.
…
That’s the story. … Thank you for listening to Cedar Global Markets. We’re supported by our partners, and you can learn more about the partner featured on this page. We’ll see you next time.
