[Featured Stock] Samsung Electronics Rises 4% on Expectations of Benefiting from US-China Conflict Spillover Effects
Samsung Electronics Seocho Building, Seocho-gu, Seoul / Photo by Mun Ho-nam munonam@
View original image[Asia Economy Reporter Geum Bo-ryeong] Samsung Electronics is showing strength on the 28th amid expectations of a windfall benefit from the US-China conflict surrounding Huawei.
At 1:11 PM on the day, Samsung Electronics' stock price rose 4.32% (2,400 KRW) from the previous session to 58,000 KRW.
Samsung Electronics has shown an upward trend for three consecutive trading days from the 24th to the day.
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The main reason is the US-China conflict. There are expectations that Samsung Electronics could gain a windfall benefit as the US and the UK excluded Huawei from the 5th generation (5G) mobile communication service network construction projects.
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