Apparently, the mere threat of a trade complaint is enough to affect a company's share price. Reuters reports:
Shares in Elpida Memory Inc (6665.T) hit a two-month low on Thursday on fears stoked by a report that the U.S. would bring up government subsidies received by Japan's biggest PC chip maker at the World Trade Organisation.
Shares in Elpida -- Japan's sole maker of dynamic random access memory (DRAM) -- tumbled 8.2 percent to 1,080 yen after falling as much as 14 percent, against a 1.4 percent fall in the Nikkei average.
I'm so intrigued by the relationship of trade disputes and the stock market that I created a category for this topic: http://worldtradelaw.typepad.com/ielpblog/trade-and-the-stock-market/ I am convinced I've done many past blog posts on this, but I can only find one other so far.
