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Samsung Elec opens lower after scrapping Galaxy Note 7
October 12, 2016 / 12:11 AM / in 9 months

Samsung Elec opens lower after scrapping Galaxy Note 7

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SEOUL, Oct 12 (Reuters) - Shares of Samsung Electronics Co Ltd opened weaker on Wednesday, touching a one-month low due to concerns about the firm's prospects after it decided to permanently end sales of its Galaxy Note 7 smartphones.

Samsung shares were trading down 3.1 percent as of 0004 GMT, compared with a 0.3 percent fall for the broader market, after touching their lowest level since Sept. 12. (Reporting by Se Young Lee; Editing by Stephen Coates)

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