[Featured Stock] Samsung Electronics Falls Over 3% Following Lee Jae-yong's Sentencing in Retrial
[Asia Economy Reporter Oh Ju-yeon] On the 18th, starting from 2 PM, Samsung Electronics Vice Chairman Lee Jae-yong was sentenced to prison in the retrial related to the National Pension Service scandal, causing Samsung Electronics' stock price to drop by over 3%.
As of 2:27 PM that day, Samsung Electronics' stock price was trading at 85,300 KRW, down 3.07% compared to the previous trading day. The stock price, which had risen sharply until then, saw selling pressure as investors sought to realize gains, slowing the upward trend from the previous week. On the day of Vice Chairman Lee's sentencing trial, the stock price continued its weak trend.
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However, until the morning, the stock price maintained the 86,000 KRW range despite a 1% decline, but after the news of Lee's 2 years and 6 months prison sentence, the decline accelerated, falling more than 3%.
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