Samsung Falls 8.7% After Record $79 Billion Payout Disappoints

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Samsung Electronics stock dropped 8.7% on Monday on the Seoul stock exchange after presenting a record shareholder return plan that disappointed investor expectations. The stock fell to around 257,000 won, down 24,500 won from Friday’s close. Gains accumulated since the board announcement have been completely wiped out. This decline marks the sharpest daily drop for the group in several months.

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