Samsung loses $ 1 billion in market value after veto

SEOUL-Samsung Electronics lost more than $ 1 billion in market value on Monday, after the Government of the United States stunned and vetoed the ban on the import of some Apple products in the USA. At 2:42 (), the roles of Samsung traded in Seoul fell 0.78%.
The decision of Washington was considered a blow to Samsung, which is the main competitor of Apple's smartphone. The South Korean company seeking to expand participation in the North American market. Over the weekend, the u.s. Trade Representative, Michael Froman, vetoed a ban on the import and sale of old models of the iPhone and the iPad in the us, nullifying the effect of a legal victory from Samsung. According to Froman, the patent dispute in WINS "undue leverage" and "has the potential to harm consumers and the American economy more competitive conditions". Source: Dow Jones Newswires.