Finance

KOSPI faces 7,000 test with Nvidia earnings, U.S. Treasury yields in focus

South Korean stocks are expected to take cues this week from Nvidia earnings and the U.S. July personal consumption expenditures price index. Semiconductor profit expectations and large shareholder-return plans are seen supporting the downside, but U.S. long-term yields and Middle East uncertainty remain variables. Investors will also watch the Jackson Hole symposium and U.S. rate-path signals. The KOSPI may retest 7,000 if AI demand holds and inflation does not surprise higher.

Industry

Tesla short sellers made $9 billion, but current profit or loss is unclear

Short sellers in Tesla booked about $9.008 billion in mark-to-market gains after the stock’s sharp fall, an analysis showed. The figure was calculated immediately after the July 23 drop and does not represent the group’s real-time profit or loss as of August. Tesla later fell further before rebounding. The company’s second-quarter results, weak operating profit, negative free cash flow and heavy spending on long-term projects weighed on the shares.