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  1. Samsung Electronics shares touch near 2-month low on Note 7 worries

Samsung Electronics shares touch near 2-month low on Note 7 worries

Shares of tech giant Samsung Electronics Co Ltd fell to their lowest level in nearly two months on Monday, hurt by worries about the fallout from a recall of its Galaxy Note 7 smartphone.

By: | Seoul | Published: September 12, 2016 7:27 AM
Samsung shares were down 5 percent as of 0014 GMT, touching the lowest since July 15, compared with a 1.6 percent fall for the broader market. (Reuters) Samsung shares were down 5 percent as of 0014 GMT, touching the lowest since July 15, compared with a 1.6 percent fall for the broader market. (Reuters)

Shares of tech giant Samsung Electronics Co Ltd fell to their lowest level in nearly two months on Monday, hurt by worries about the fallout from a recall of its Galaxy Note 7 smartphone.

Samsung shares were down 5 percent as of 0014 GMT, touching the lowest since July 15, compared with a 1.6 percent fall for the broader market.

The world’s top smartphone maker said on Saturday all Galaxy Note 7 users affected by the ongoing recall should power off their devices and turn them in. Samsung voluntarily initiated the recall on Sept. 2 due to faulty batteries causing the high-end smartphone to catch fire.

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