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KOSPI Reclaims 6,900 Level on Strong Nvidia Results

Electronic Technology · Semiconductors · yonhap_finance · 2026-08-27

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The KOSPI index surged over 2% in early trading, reclaiming the 6,900 level as Nvidia's record-breaking earnings fueled a rally in semiconductor stocks.

What Happened

Index Performance: The KOSPI index jumped more than 2% in early trading, successfully reclaiming the 6,900 level. Strong buying from foreign and institutional investors is driving the market, while the KOSPI 200 Volatility Index has declined for four consecutive sessions.

Nvidia Earnings: Nvidia confirmed the ongoing AI infrastructure boom by reporting record-breaking revenue for the 13th consecutive quarter. CEO Jensen Huang provided optimistic guidance, suggesting that revenue growth will continue into the third quarter.

Domestic Impact: Large-cap semiconductor stocks, including Samsung Electronics and SK Hynix, are leading the rally. However, the upside remains somewhat capped due to market caution ahead of the Bank of Korea's upcoming interest rate decision.

Market Analysis: Analysts expect increased capital concentration in the semiconductor sector, while noting that the rotation-based market trend observed throughout August remains intact. Investors are closely monitoring monetary policy developments and global macroeconomic indicators.

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