Tech Stock Buying, Sharp Drop in Oil Prices... South Korean Stocks Seen Opening Higher [Good Morning Stock Market]

Semiconductor stocks surge, while Nvidia plunges
WTI falls more than 4%, easing inflation concerns
A more attractive entry point for strategic investors

All three major U.S. stock indexes surged on bargain hunting in technology stocks and a sharp drop in international oil prices. South Korea's stock market is also expected to open higher.

An employee works at Hana Bank's dealing room in Jung-gu, Seoul, on the 9th, as the KOSPI closes lower. Yonhap News.

On the 9th (local time), the Dow Jones Industrial Average rose 1,104.02 points (2.15%) from the previous session to close at 52,389.75 on the New York Stock Exchange (NYSE). The S&P 500 rose 173.08 points (2.35%) to 7,549.94, while the tech-heavy Nasdaq Composite gained 673.71 points (2.74%) to finish at 25,253.14.

Semiconductor stocks led the gains as bargain hunters moved in. AMD (13.26%), Broadcom (8.78%), Marvell Technology (9.49%), Micron Technology (6.25%), and SK hynix ADR (5.53%) all surged. The Philadelphia Semiconductor Index also gained about 7%.

Nvidia, by contrast, fell 4.27% after CEO Jensen Huang admitted to having an affair with a businesswoman suspected of being a spy with ties to Chinese intelligence agencies. As a result, Nvidia's market capitalization fell by about $192.1 billion (approximately KRW 258 trillion). The stock was down as much as 8.79% at one point during the session. The incident has raised concerns that U.S. authorities may step up scrutiny of Nvidia's semiconductor sales to China.

Falling international oil prices also supported the stock market's gains. West Texas Intermediate (WTI) crude futures settled at $86.85 a barrel on the New York Mercantile Exchange, down 4.38% from the previous session. Brent crude futures, the global benchmark, also ended the session at $92.57 a barrel, down 5.85%. The decline followed U.S. President Donald Trump's remark that the possibility of large-scale additional strikes on Iran was very low. With geopolitical tensions originating in the Middle East easing, analysts say the market is likely to become less sensitive to the negative factors that have unsettled stocks since last month.

"It was disappointing that the market gave up all its gains after surging during yesterday's session. This shows that market participants still doubt the stock market's resilience following last week's consecutive sharp declines," said Han Ji-young, a researcher at Kiwoom Securities. "As the market increasingly sees stock price rebounds as opportunities to sell rather than signs of a sustained recovery, a pattern has emerged in which intraday gains fail to hold."

Han said, "Today, the domestic stock market is likely to rebound, buoyed by the strength of the U.S. Philadelphia Semiconductor Index, which surged despite the negative Nvidia news, and by KOSPI 200 overnight futures, which jumped in the 5% range." She added, "At this point, it would be appropriate to make the strategy's top priority the premise that domestic stocks have become more attractive entry opportunities."

This content was produced with the assistance of AI translation services.