In the early trading, South Korean ETFs plummeted. As of the time of publication, Samsung Electronics (07747) fell by 8.1% to HK$143, while SK Hynix (07709) fell by 8.34% to HK$96.24, and TR Korea (02848) fell by 4.33% to HK$1823.5. On the news front, on May 15th, the South Korean stock market soared and then fell back. The South Korean KOSPI index plummeted after breaking through the 8000-point mark for the first time, dropping by 4.1% to 7654.5 as of the time of publication. In the semiconductor sector, Samsung Electronics fell by over 5% and SK Hynix fell by over 4%. South Korean Finance Minister Yoo Il-ho said on Friday that despite strong export data, the long-term conflict in the Middle East is gradually affecting the South Korean economy through rising consumer prices, and the government will take active measures to stabilize the supply chain. The long-term war has already begun to have a noticeable impact on the South Korean real economy and people's lives. In other news, the South Korean labor union of Samsung Electronics stated on Friday that the tech giant has proposed to resume negotiations without any preconditions. Earlier, negotiations on salary and bonus plans mediated by the government had just collapsed. The union is willing to hold negotiations after June 7th, but will also maintain the strike plan scheduled to start on May 21st; this strike may disrupt the production operations of the world's largest memory chip manufacturer.