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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

2 hours ago

**June 5 (Friday) – South Korea’s stock market plunged steeply Friday, tumbling over 5% amid sharp declines in SK Hynix and Samsung Electronics that triggered a midday trading halt. By press time, the Korea Composite Stock Price Index (Kospi) had widened its drop to more than 6%, with SK Hynix sinking 9%. The sell-off appears tied to two key factors: Broadcom’s AI performance guidance falling short of expectations, and a prominent research report projecting a significant reduction in Nvidia’s memory chip allocations.** **Notably, Jensen Huang, Nvidia’s CEO and widely known as the "AI Master," is scheduled to arrive in South Korea on the afternoon of June 5. Given his recent recommendation of MRVL that boosted its stock price, the market had widely anticipated his visit would lift South Korean equities. As a result, local investors have launched websites to track Huang’s itinerary and analyze how his comments might impact stock prices.** **Huang’s planned activities in South Korea are as follows:** - **June 5 (Friday) evening**: Hosting the 2nd "Kkanbu Gathering" at a barbecue restaurant in Seoul’s Seongsu-dong, where he will meet top South Korean business leaders: SK Group’s Chey Tae-won, LG Group’s Koo Kwang-mo, and Naver’s Lee Hae-jin (Hyundai Motor’s Chung Eui-sun may also attend). Samsung’s Lee Jae-yong is absent due to overseas travel. The gathering will focus on AI, high-bandwidth memory (HBM), and collaborations in embodied AI and robotics. - **June 7 (Sunday)**: Meeting NCSoft CEO Kim Taek-jin; in the afternoon, he will throw the ceremonial first pitch at a Doosan Bears professional baseball game at Seoul’s Jamsil Baseball Stadium, wearing a No. 93 jersey. - **June 8 (Monday)**: Visiting Naver’s second headquarters, the "1784" building in Botong, to discuss specific AI business partnerships. - **Additional**: Huang will make his first appearance on South Korea’s popular variety show *You Quiz*.
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