Samsung Electronics shares rise for first time in four days

Thu Oct 13, 2016 12:24am EDT
 
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SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS: Quote) shares opened up 1 percent on Thursday, rebounding for the first time after three straight days of falls following its decision to permanently end sales of its fire-prone Galaxy Note 7 smartphones.

Samsung shares were trading up 1.3 percent as of 0007 GMT, outperforming the main bourse .KS11 which was largely unchanged from its previous closing level.

(Reporting by Christine Kim; Editing by Stephen Coates)

 
An employee checks an exchanged Samsung Electronics' Galaxy Note 7 at company's headquarters in Seoul, South Korea, October 13, 2016.   REUTERS/Kim Hong-Ji