Samsung Shares Fall on Shareholder Return Plan
Samsung Electronics shares declined in early trade after the chipmaker announced shareholder returns reaching up to 110 trillion won. Analysts expressed disappointment over smaller than expected figures and a lack of buyback details.
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SAMSUNG ELECTRONICS CO LTD shares fell 8% in early trade on Monday in South Korea, following a shareholder return package of up to 110 trillion won ($79.4B). The drop contrasted with rival SK HYNIX INC, which gained 0.4% during the session. The broader KOSPI index fell 1.5% amid the sell-off.
