February 13, 2018 / 4:01 AM / a year ago

South Korea's Samsung Elec extends gains to more than 5 percent

FILE PHOTO: Signage is seen at the Samsung 837 store in the Meatpacking District of Manhattan, New York, U.S., October 10, 2016. REUTERS/Andrew Kelly/File Photo

SEOUL (Reuters) - Shares in South Korean tech giant Samsung Electronics jumped more than 5 percent on Tuesday amid strong buying by foreign investors.

Samsung shares fell heavily last week as the local bourse was hit by losses on Wall Street, but were now being supported by bargain hunting, analysts said.

Fellow chipmaker SK Hynix rose more than 4 percent.

(This version of the story was refiled to fix spelling of “was” in second paragraph)

Reporting by Dahee Kim; editing by Richard Pullin

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