Kospi opens sharply higher on robust earnings from Nvidia

Korea's benchmark index jumped 2.76 percent at the open after Nvidia's stronger-than-expected earnings eased concerns over slowing semiconductor demand.

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A screen in Hana Bank's trading room in central Seoul shows the Kospi prices on Aug. 26

Stocks opened sharply higher Thursday as Nvidia's market estimate-beating strong earnings helped ease woes over a slowdown in demand for semiconductors.

The Kospi opened up 187.91 points, or 2.76 percent, to 6,996.12.

Overnight, major stock indexes on Wall Street closed lower, with the S&P500 and the tech-heavy Nasdaq inching down 0.02 percent and 0.08 percent, respectively.

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