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South Korea#8217;s brokerages swung to a provisional aggregate loss of 614.6 billion won (US$510.5mil) in the financial year ended March, hit by a 40% slump in the stock market, according to regulators.
Samsung Electronics Co Ltd registered a worse-than-expected drop of 41% in first-quarter profit yesterday because of a slump in memory chip prices, but its shares rose on hopes for an industry rebound.
NATIONAL Panasonic (M) Sdn Bhd, a relatively newcomer to the mobile phone market, is determined to make its presence felt in the highly competitive arena and expects to sell at least 2,000 units a month initially of its high-end Panasonic GD88 mobile phone in Peninsular Malaysia alone, according to its managing director Jiro Tomotani.