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Samsung Strike Threat Sparks Selling Contagion In Memory Stocks
Samsung Strike Threat Sparks Selling Contagion In Memory Stocks
President Trump's China trip has concluded, with the multi-day summit producing comments from both sides that pointed to warming bilateral relations. As Trump returns aboard Air Force One on Friday morning, traders are shifting focus to overnight turmoil in South Korea, where labor action risks rattled Samsung shares and other memory stocks, and dragged the country's benchmark KOSPI index lower.
Samsung’s strike is set to formally begin on May 21. Because the company’s semiconductor fabs are already highly automated, the impact...
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