'Samsung share price plummets by concerns about Note 7'

'Samsung share price plummets by concerns about Note 7'

Tech September 19, 2016 20:00

- "The South Korean technology giant Samsung experienced Monday at the fair in Seoul's worst day in more than four years. Investors dumped shares after warnings from airline companies and regulators in the United States and Europe, not to use provisionally the new Samsung Galaxy Note 7 phone."

"Thus, the US Government for the safety of consumer products CPSC reported to turn off the unit because of the danger of exploding battery. Samsung is now working to put a worldwide recall on its feet again and urged owners of the phone to stop the smartphone and deliver the unit as soon as possible."

"Of about 36 Note 7 phones, which Samsung wanted to compete with Apple's new iPhone, the battery caught fire or exploded. Samsung tumbled Monday on the stock exchange during trading to 7.6 percent. The share finally closed down 7 percent. Including the exchange loss on Friday, when Samsung lost nearly 4 percent of its value, there has been $ 19 billion in market value evaporated.\n  \n    \n     \n      \n        0:32\n      \n     F1 driver Hamilton Tiger stalking\n     \n     \n      \n        0:41\n      \n     New images: Hillary falters\n     \n     \n      \n        1:50\n      \n     This is the most beautiful bikini babe NL"

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