On May 20, CSOP 2x Leveraged Samsung Electronics (07747.HK) fell 7.99% in regular trading, trading at 129.5 HKD/share, with trading volume of approximately HKD 807 million. The decline marks a second consecutive session of heavy losses for the leveraged product, which fell 8.49% the prior day.
The selloff comes as Samsung Electronics' union deadline for an 18-day total strike on May 21 approaches. Although labor and management resumed wage negotiations on May 18, prompting a temporary 6.7% bounce in Samsung's Seoul-listed shares, the talks have not yet produced a definitive resolution. A Korean court partially approved an injunction requiring the union to ensure any strike action does not affect production output, but market concerns persist over potential operational disruption at the world's largest memory chip maker, whose clients include NVIDIA, AMD, and Google.
The previous breakdown in talks had triggered a nearly 9% plunge in Samsung shares and a broader global tech selloff, underscoring the sensitivity of semiconductor supply chain stability to this labor dispute.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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