Samsung has lost a fifth of its value since January peak


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.

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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Samsung , South Korea , lost , fifth of value , dram , chips ,

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read