Wednesday, April 16, 2014   

Samsung shares fall
(01-02 17:41)

A sell-off on its first day of trading in 2014 has wiped more than US$8 billion off the market value of the South Korean electronic giant, Samsung.
Its shares fell as much as 5.1 percent, the lowest since late August.
The stock closed down 4.6 percent during trading in the South Korean capital, marking its fifth consecutive decline.
The sell-off was sparked by lower quarterly earnings forecasts.
Analysts say a recent rally of the South Korean currency -- the won -- is expected to crimp the value of Samsung's overseas revenue which accounted for 85 percent of sales. --RTHK   
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