All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
All NewsHome
← Back to Equities & Funds

Seoul stocks open lower ahead of Nvidia earnings

Created at 24 Aug · 12:16 AM1 source↑ Market-relevant
IN SHORT

Seoul stocks opened lower on Monday as investors adopted a cautious stance ahead of key events, including Nvidia's upcoming earnings report. The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.73% in early trading.

Key Numbers

0.73%KOSPI opening decline
50.77KOSPI points lost at open
6,862.18KOSPI index level at open

Who's Involved

Nvidia
U.S. chip giant whose earnings release is anticipated
Korea Composite Stock Price Index (KOSPI)
Benchmark index that opened lower
Seoul stocks open lower ahead of Nvidia earnings

↳ Why This Matters

The performance of Seoul stocks and investor sentiment are closely tied to global technology trends, particularly in the artificial intelligence sector, as indicated by the market's reaction to Nvidia's upcoming earnings.

Key facts

  • Seoul stocks opened lower on Monday.
  • The benchmark Korea Composite Stock Price Index (KOSPI) was down 0.73% in the first minute of trading.
  • Investors are waiting for Nvidia's earnings release for clues on the AI market's future direction.
  • Traders are locking in gains from large-cap chip stocks.

Seoul stocks opened lower on Monday as investors adopted a cautious stance ahead of key events, including the upcoming earnings release from U.S. chip giant Nvidia. The benchmark Korea Composite Stock Price Index (KOSPI) was down 0.73 percent, or 50.77 points, at 6,862.18 in the first minute of trading. After closing above 6,900 points on Friday, the index lost ground as investors locked in gains from large-cap chip stocks. Traders are closely following Nvidia's earnings for hints on the future direction of the artificial intelligence (AI) market.

Frequently asked questions

Seoul stocks opened lower due to profit-taking and investor caution ahead of Nvidia's earnings report.

The KOSPI is the benchmark Korea Composite Stock Price Index.

Investors are closely watching the upcoming earnings release from U.S. chip giant Nvidia for insights into the AI market.

What Happens Next

01Nvidia is scheduled to release its earnings report.
CME Headlines
  • S&P 500 futures rebound from 3-week low.
    21 Aug · 9:06 PM
  • S&P 500 futures rebound from 3-week low.
    21 Aug · 9:06 PM
  • Product Modification Summary: Expansion of the Listing Schedule of Certain CME and CBOT Adjusted Interest Rate Total Return Index Futures Contracts - Effective August 31, 2026
    21 Aug · 3:15 PM

How It Developed

Seoul stocks opened lower on Monday.
The Korea Composite Stock Price Index (KOSPI) fell 0.73% in early trading.
Investors are awaiting Nvidia's earnings report for insights into the AI market.

Sources

T1
Seoul stocks open lower on profit-taking, ahead of Nvidia earningsYonhap News Agency

Related Stories

Samsung Electronics Shares Decline After Shareholder Return Plan
24 Aug · 12:21 AM