Stock Market Circuit Breaker Triggered During Huang Renxun's Visit to South Korea, with the Latter's Itinerary Drawing Much Attention, Retail Investors Launch Self-built Tracking Website
The aforementioned plunge may be related to Broadcom's AI performance guidance falling short of expectations, and a well-known research report predicting a significant reduction in Nvidia's allocation of memory.
It is worth noting that according to the schedule, the "AI Master" Jensen Huang will fly to South Korea on the afternoon of June 5th. Given the recent surge in stock prices driven by his recent recommendations on MRVL, the market had previously widely expected Huang's visit to have a positive impact on the South Korean stock market. Therefore, South Korean investors have set up websites to track Huang's itinerary and analyze stock price movements that may be influenced by his statements.
Based on various reports, it is expected that Huang's itinerary in Korea will be as follows:
June 5th (Friday) evening: Host the "2nd Kkanbu Gathering" at a barbecue restaurant in Seongsu-dong, Seoul, meeting with SK Group's Chey Tae-won, LG Group's Koo Kwang-mo, Naver's Lee Hae-jin (possibly including Hyundai Motor's Chung Eui-sun). Samsung's Lee Jae-yong will be absent due to overseas travel. The focus will be on discussions regarding AI, HBM, and embodied AI/robotics collaboration.
June 7th (Sunday): Meet with NCSoft CEO Kim Taek-jin; in the afternoon, throw the first pitch at a **Doosan Bears** professional baseball game at the Seoul Jamsil Baseball Stadium (wearing a number 93 jersey).
June 8th (Monday): Visit Naver's second headquarters, the "1784" building (Botong), to discuss specific AI business collaborations.
In addition, Huang will also make his first appearance on the South Korean variety show "You Quiz."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil: Prices supported by supply risks and Iran tensions – Danske Bank
Jane Dunlevie appointed as Co-Head of TMT Investment Banking at Goldman Sachs (GS.US)
According to reports, Jane Dunlevie, a star investment banker who became a Goldman Sachs partner at age 35, has been appointed as Co-Head of TMT (Technology, Media, and Telecom) Investment Banking, according to an internal Goldman Sachs memo.
Bitwise Makes Biggest XRP Purchase in October
Japan shares extend losses as rate uncertainty, geopolitical woes curb appetite
Updates with closing prices By Satoshi Sugiyama TOKYO, Oct 8 (Reuters) - Japanese shares fell more than 1% on Thursday, down for a second consecutive session, as investors paused after recent rallies, wary of the US rate outlook, higher yields and geopolitical tensions. The Nikkei 225 Index .N225 fell 1.42% to close at 69,042.11, while the broader Topix .TOPX slid 1.51% to 4,091.46. "Japanese shares had risen at a rapid pace through yesterday, and profit-taking has since picked up. That selling pressure appears to be continuing today," said Hiroki Takei, strategist at Resona Holdings. Japanese AI-related shares were subdued even after Samsung Electronics 005930.KS, the world's largest memory chipmaker, projected a nearly ninefold jump in third-quarter operating profit from the same period last year. Shares of chipmaker Rohm 6963.T lost 5.19%, the biggest percentage drag in nearly a month, while technology investor SoftBank Group 9984.T shed 4.28% and Tokyo Electron 8035.T dropped 2.48%. Concerns over US monetary policy remained in focus after Federal Reserve minutes released on Wednesday showed most participants signalling another rate hike by year-end. Market participants remained wary of French and Italian debt markets, with rising energy prices and fiscal concerns keeping sentiment fragile. Geopolitical tensions also dampened risk appetite, as increased attacks on shipping in the Gulf and the Strait of Hormuz fuelled concerns over Middle East oil supplies and pushed crude prices higher. Breadth was negative, with 165 decliners in the Nikkei 225 against 56 advancers and four unchanged. The largest percentage losers in the Nikkei were semiconductor silicon wafer supplier Sumco 3436.T, down 5.73%, followed by construction machinery maker Komatsu 6301.T, down 5.52%, and agricultural machinery and equipment maker Kubota Corporation 6326.T, down 5.42%. The largest percentage gainers were cybersecurity software company Trend Micro 4704.T, up 3.89%, followed by IT consulting firm Nomura Research Institute 4307.T, whic
Crypto prices
More
