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Samsung Union to Launch Strike Tmr; XL2CSOPSMSN (07747.HK) Slumps 8%
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Negotiations between SAMSUNG ELECTRONICS (005930.KS) and its union have entered the third day. The Samsung union said it will proceed as scheduled with a large-scale strike tomorrow (21st), after company management rejected a government mediation proposal. This means nearly 48,000 Samsung workers will stage a strike lasting up to 18 days. KOSPI last slid 2.03% at 7,123, while Samsung's share price dived about 2% to KRW268,000. In Hong Kong, XL2CSOPSMSN (07747.HK) opened 1.66% lower today (20th) before extending losses. It last quoted at HKD127.2, down 8.06%, with turnover of 10.6481 million shares, involving HKD1.408 billion. XL2CSOPHYNIX (07709.HK) last quoted at HKD79.7, down 1.77%. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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