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| A person walks past a Nvidia logo sign outside the company's headquarters in Taipei, Taiwan, on Nov. 12 (local time). /EPA-Yonhap News Agency |
The fallout from Nvidia CEO Jensen Huang's abrupt resignation amid an extramarital affair scandal continues, with the company's market value plunging by more than $600 billion (approximately 801 trillion won) at one point during trading.
According to Bloomberg and other news outlets, Nvidia shares closed at $166.19 on the New York stock market on Nov. 12 (local time), down 4.34% from the previous trading session. The stock plunged as much as 13.08% to $148.80 at one point before gradually paring its losses.
Nvidia's market capitalization briefly fell by more than $600 billion (approximately 801 trillion won) during the session. By the close, its market value stood at approximately $4.013 trillion (about 5,345 trillion won), down around $182 billion (about 242 trillion won) from the previous day.
U.S. stocks closed lower that day as Nvidia's share price decline offset gains in energy stocks.
The Dow Jones Industrial Average fell 189.40 points, or 0.36%, to close at 52,297.09 on the New York Stock Exchange (NYSE).
The Standard & Poor's (S&P) 500 index ended the session at 7,592.40, down 26.98 points, or 0.35%.
The Nasdaq Composite Index closed at 25,366.09, down 101.00 points, or 0.39%.
Kim Hyun-min
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