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Samsung ( SSNLF , quote ) has dominated global headlines over the past week as a result of the conclusion of its drawn out  litigation process with Apple ( AAPL , quote ) over patent infringement. With the American court ruling in Apple's favor, Samsung's stock has faced pressure in Korean trading. How should you treat Samsung and ETFs with large exposure to the firm as the result of this development?

In the previous few trading sessions prior to the court's decision , Samsung did not trade particularly well; traders had speculated the ruling would not go in the Korean company's favor. Apparently the bad news was not entirely priced into the stock though, as Samsung fell precipitously in Korean trading earlier this week.

What is somewhat remarkable is that, in spite of Samsung's woes, the South Korean Kospi ( EWY , quote ) traded decently at the beginning of this week. Considering that Samsung makes up roughly 20% of the benchmark index and its ETF, the fact that the index did not suffer a major drop in trading this week could be a bullish indicator.

As a whole, the South Korean economy is in something of a no-man's land. For the first time throughout the crisis, South Korea is starting to show signs of weakness . However, if the global economy -- and in particular China ( FXI , quote ) is able to pick up in the second half of this year, the South Korean economy is well positioned to take advantage of global growth.

The negative price action in the iShares MSCI Emerging Markets ETF ( EEM , quote ) could also be an opportunity for traders. Samsung is easily the largest weighting in the ETF and its downward movement has adversely affected EEM in recent trading sessions. However, the weakness could provide a good entry point with this ETF poised to potentially outperform developed market indices in the near future.

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