🔴 Samsung Electronics is trading 5.91% down today on strike threats and broader chip sector weakness

005930.KS is trading at KRW 262,500 (-5.91%) as a looming 18-day strike and broader semiconductor sector weakness weigh on the stock.

• A planned strike starting May 21 threatens to disrupt AI chip production after government-mediated wage negotiations ended without an agreement.
• The sell-off aligns with a 9.9% drop in MU and a 13% drop in QCOM, triggered by hotter US inflation data and rising interest rate concerns.
• Samsung has now seen a cumulative decline of approximately 8% over the last two trading sessions.