The Korea Composite Stock Price Index (Kospi) experienced a decline of over 1 percent in early trading on Thursday, following a similar trend in Wall Street prompted by disappointing earnings from Nvidia, a global AI chip giant. The Dow Jones Industrial Average and the S&P 500 in the US fell by 0.39 percent and 0.6 percent, respectively, while the Nasdaq composite also saw a 1.12 percent drop. Nvidia's second-quarter earnings failed to meet investor expectations, leading to the overall market losses. In response to these developments, South Korean companies such as Samsung Electronics and SK hynix saw significant declines, while energy shares and leading refiner SK Innovation also extended their losses from the previous session. However, Hyundai Motor and its affiliate Kia experienced gains following the announcement of the company's new mid- to long-term business strategy. The local currency was trading at 1,338.15 won against the US dollar, showing a slight increase from the previous session. Overall, the Kospi's decline mirrored the losses seen in Wall Street, driven by underwhelming earnings from Nvidia and impacting various sectors within the South Korean market.