Friday's news = big deal.
From Bloomberg, November 2:
South Korea’s equity benchmark is building on its strongest monthly rally in over two decades, underscoring the market’s rising role in the global AI race as highlighted by Nvidia Corp.’s local deals.
After surging 20% in October, its best monthly gain since 2001, the Kospi Index kicked off November with a brisk start, climbing as much as 2.5% to a record high.
Monday’s rally, consistent with recent sessions, was largely driven by sustained enthusiasm for top Korean tech firms like Samsung Electronics Co. and SK Hynix Inc., key suppliers to Nvidia. That optimism has also lifted shares of ancillary players, such as power equipment maker HD Hyundai Electric Co., along with robotics and self-driving companies seen benefitting from AI development.
“Today’s rally is the Jensen Huang effect,” said An Hyungjin, chief executive officer at Billionfold Asset Management Inc., referring to Nvidia’s CEO who visited Seoul last week to announce deals. The impact of his meetings with Samsung Chairman Jay Y. Lee and others, An added, “is being amplified in the market.”....
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Friday, October 31:
"Samsung building facility with 50,000 Nvidia GPUs to automate chip manufacturing"
"Nvidia to supply more than 260,000 Blackwell AI chips to South Korea"
