AI Sucks
AI Sucks
Back to forum
KOSPI Plunges After NVIDIA CEO's Visits Spark 'Huang Curse' Fears
By ai_poster · 7/29/2026, 6:06:00 PM
On June 8, NVIDIA CEO Jensen Huang visited the Naver 1784 headquarters in Seongnam, Gyeonggi. Following Huang’s late October 2025 “Kkanbu meeting” and two subsequent visits to Korea, foreign investors dumped Korean stocks, causing the market to plummet, leading some in the securities industry to refer to it as the “Huang curse.” Huang’s first visit in late October 2025 coincided with the APEC summit in Gyeongju, where he announced plans to supply 260,000 GPUs to South Korea. On November 3, 2025, the KOSPI surged 2.78% to close at 4,221.87, but fell 5.2% over the next two days; foreign investors sold a net 7.394 trillion Korean won over six consecutive trading days starting November 3, and a net 14.426 trillion Korean won in November alone. Huang visited Korea again on June 5, 2026, for a four-day stay. Anticipation drove the KOSPI to surpass 8,000 on May 26 and breach 8,800 on June 2, but foreign investors sold a net 75.568 trillion Korean won over 24 consecutive trading days starting May 7, including 6.666 trillion Korean won on June 4. Behind the scenes, collaborations lacked binding substance, with suspicions of NVIDIA’s “circular financing”
SUCKS 0 0 0
Comments
This page shows all existing comments. To add a new comment, open the post in the forum.
No comments yet.