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   
Other Business breaking news:
European Parliament gives green light to 'banking union' reforms (04-15 19:12)
Imperial Tobacco announces closure of factories in Britain, France (04-15 19:03)
BOJ vows to reach inflation target (04-15 18:49)
Search engine Baidu launches mobile payment platform (04-15 18:26)
HK logs lower re-exports volume (04-15 18:24)
German investor sentiment down to 8-month low due to Ukraine crisis (04-15 18:20)
UK inflation slows in March (04-15 18:16)
Hang Seng, Shanghai fall (04-15 16:15)
Chinese land price growth slows: report (04-15 12:37)
Hang Seng slumps by break (04-15 12:20)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.