Samsung shares plunge 8.0 percent on Note 7 woesSamsung’s share price plunged 8.0 percent by the close of trade Tuesday on the back of a decision to halt sales and exchanges of the company’s troubled Galaxy Note 7 smartphone. In this photo taken Oct. 29, 2015, the corporate logo of Samsung Electronics Co. is seen at its shop in Seoul, South Korea. (AP Photo/Lee Jin-man) / (mb.com.ph)The share price ended the day at 1.54 million won after the early morning announcement, which was accompanied by an advisory for all customers to stop using their Note 7 devices due to safety concerns. Samsung issued a global recall of 2.5 million Note 7s in early September following complaints that its lithium-ion battery exploded while charging.

Source: Manila Bulletin October 11, 2016 07:07 UTC