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ETF anomaly | South doubled long Samsung Electronics (07747) rose more than 4% in intraday trading. Korean court partially approves strike ban on Samsung Electronics.
The shares of Samsung Electronics (07747) in the southern region doubled, rising over 4%, as of the deadline for submission, up 4.87% to HK$142.85, with a turnover of HK$1.752 billion.
In the south, the number of long positions in Samsung Electronics (07747) has doubled, with an intraday increase of more than 4%, reaching a 4.87% increase at the time of publication, at 142.85 Hong Kong dollars, with a turnover of 1.752 billion Hong Kong dollars. On the news front, according to market media reports, on May 18th, the Suwon District Court in South Korea approved some of the injunction requests filed by Samsung Electronics, ordering the company's union to ensure that the upcoming comprehensive strike action "does not affect production volume" and "does not cause damage to the raw materials of this important global memory chip manufacturer." Industry insiders generally believe that this move actually puts the brakes on Samsung Electronics' largest-ever strike plan. If a strike occurs, it may further exacerbate the global semiconductor supply scarcity caused by the ongoing increase in global artificial intelligence data center construction. Of note, the Korea Exchange announced on May 18th that due to the sharp fluctuations in the KOSPI 200 futures prices, the South Korean securities market officially triggered the "Side-car" circuit breaker mechanism at 9:19:22 local time. In early trading on May 18th, the South Korean KOSPI index continued to decline, falling by more than 4% at one point before a strong V-shaped rebound, recovering all losses and turning into a mostly flat trend.
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