Nvidia Stock Exchange Saved Despite Excessive Fluctuations

NVIDIA plunged last week, ending the KOSPI index also falling. The Japanese stock market was led by weakness in semiconductors, with more than 1,000 points falling during the day. However, there was not a lot of foreign selling, and low-priced purchases came in from semiconductors to reduce the fall. On the other hand, the KOSDAQ closed higher, but the KOSDAQ index closed strongly as semiconductor, game, and bio industries rose.

Shipbuilding, nuclear power plants, and game stocks were strong, while shipbuilding stocks showed strong exports in March and rose on the momentum for orders for Qatar LNG projects. Hanwha Ocean rose 8% and Samsung Heavy Industries rose 4%. Nuclear power plant stocks, including Doosan Energy, rose on the prospect that nuclear power will cover the power shortage related to AI. Game stocks gained 4% as Bitcoin approached 100 million won, with WeMade jumping 10% and Krafton announcing major development directions for Battlegrounds. Other small and medium-sized biotech companies continued to strengthen today following last week. Estek Pharma and HLB Therapeutics were strong.

Semiconductors and low PBR are taking a break and circulating. If Nvidia plunges again in the U.S. stock market tonight, investors’ worries will deepen. The lid has to be opened, and I think Nvidia’s worry is a celebrity’s concern. What I felt today in our market and in Japan was that there was a lot of funds to wait for semiconductor purchases. I don’t think we should wait for too much adjustment unless there is a special negative factor.