Samsung Elec shares open sharply lower as Note 7 woes mount

Mon Oct 10, 2016 8:15pm EDT
 
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SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS: Quote) shares opened sharply lower on Tuesday, as the firm's decision to halt sales and exchanges of the Galaxy Note 7 smartphone weighed on sentiment.

Samsung shares fell as much as 5 percent to 1.596 million won ($1,431.71), their lowest since Sept. 30. Shares were down 4.2 percent as of 0006 GMT, underperforming the broader market .KS11 that was down 0.1 percent.

(Reporting by Se Young Lee; Editing by Stephen Coates)

 
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, January 6, 2016. REUTERS/Kim Hong-Ji