LONDON: Samsung Electronics scrapped production of its doomed Note 7 smartphone on Oct 11, sparking a fresh collapse in its share price, as global markets struggled to maintain an oil-fuelled rally.
Stock in the world’s biggest smartphone maker tumbled 8%, sending Seoul stocks sliding 1.2% after it told customers to stop using their Galaxy Note 7 devices and called a halt to worldwide sales, as US officials warned the handsets could blow up.
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