February 20, 2017

Samsung’s Share Price

   February 20, 2017

Samsung’s Share Price

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Editor’s Remarks:
Samsung Group’s shares were the main focus of a lower finish in Asian stock markets last Friday as the Korean conglomerate reeled from the news of its CEO’s arrest on charges of bribery, perjury, embezzlement and hiding assets overseas. The tech giant didn’t take a huge hit, though: shares of its flagship unit Samsung Electronics closed at just 0.4% down, whilst other parts of its business saw a climb, like Samsung SDI’s 0.7% rise. This is likely because Jay Y Lee’s indictment is for his alleged role in a corruption scandal last year which led to President Park Geun-hye’s impeachment in December, and has as such been largely priced into Samsung’s drop-off in recent weeks. Indeed, analysts say the arrest is unlikely to damage Samsung’s global brand – and shares in the company have been known to defy controversy, considering their weeks-long climb last year despite news of the exploding Galaxy Note 7 phones. 

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