TradingKey – Samsung Electronics faces selling pressure as stock plunges over 8%, dragging South Korea’s KOSPI index lower.
During the Asian trading session on August 24, Samsung Electronics (005930.KS) opened lower and continued to slide, plunging 8.35% and breaching the 260,000 won (approx. $188) mark to stand at 258,000 won. Impacted by this, South Korea’s KOSPI index dropped by over 3%, falling below the key 6,700 mark to stand at 6,690.32 points.
Samsung Electronics stock price chart, Source: TradingView
The main reasons for the plunge in Samsung Electronics’ stock price are concerns over shareholder returns and capital expenditures. Last Friday (August 21), Samsung Electronics officially announced the largest shareholder return plan…
