[Featured Stock] Samsung Electronics Hits New Low Again... Drops 2% to Fall Below 62,000 Won
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[Asia Economy Reporter Myunghwan Lee] Samsung Electronics fell more than 2% shortly after the market opened on the 13th, breaking its 52-week low once again.
As of 9:28 a.m. that day, Samsung Electronics was trading at 62,500 KRW, down 2.04% (1,300 KRW) from the previous trading day. This marks the second consecutive trading day that the company has set a new 52-week low. On the previous trading day, the 10th, Samsung Electronics closed at 63,800 KRW.
The current price of 62,500 KRW is the lowest intraday price in about 1 year and 7 months since the intraday low of 61,000 KRW on November 13, 2020.
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Samsung Electronics' stock price has continued to weaken recently amid concerns over economic slowdown and uncertainties in the semiconductor industry. Due to the continued decline, Samsung Electronics, which was ranked 15th in global market capitalization last year, has fallen seven places to 22nd this year.
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