SEOUL: The global tech selloff has dealt a fresh blow to Samsung Electronics Co, whose shares have sharply underperformed the broader South Korean equity market this year.
Having lost more than 3% so far this month, the world’s largest memory chipmaker is now down 21% from a Jan 11 peak, with foreign investors selling a net 18.24 trillion won (US$15.3bil or RM64bil) worth of its shares.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!