ETF movement | South doubled long on Samsung Electronics (07747) plunged more than 9% during trading hours. Samsung Electronics' South Korean union announced a strike on Thursday.

2026-05-20 10:51

Zhitongcaijing
Southern Electronics (07747) plunged twice in the middle of the session, with its stock price falling more than 9% from the previous high. As of the time of publication, it dropped by 7.41% to 128.1 Hong Kong dollars, with a trading volume of 1.315 billion Hong Kong dollars.
In the south, Samsung Electronics (07747) saw a 9% plunge in stock price during trading, turning from gains to losses. As of the time of writing, the stock had dropped by 7.41%, trading at 128.1 Hong Kong dollars, with a turnover of 1.315 billion Hong Kong dollars.
On the news front, according to reports from Jiemian, labor negotiations between Samsung Electronics in South Korea broke down on May 20, with a large-scale strike scheduled to begin tomorrow. This will be the largest strike in the company's history. It is reported that in mid-March this year, a vote by over 66,000 Samsung Electronics union members showed that 93.1% of them supported the strike. The comprehensive strike will take place from May 21 to June 7.
Public information shows that Samsung Electronics is a major global manufacturer of storage chips. Once the strike occurs, it may further exacerbate the global semiconductor supply shortage caused by the continued rise in global AI data center construction, with its impact potentially extending to multiple industries such as automobiles, computers, and smartphones.