Samsung Shares Fall After Quarterly Sales Miss Estimates
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Samsung Electronics Co., the world’s largest maker of televisions and mobile phones, fell in Seoul trading after second-quarter sales missed estimates, fanning concern that Europe’s debt crisis is dragging on demand.
Samsung dropped 2 percent to 1,161,000 won at the close of trading in Seoul, compared with a 0.9 percent decline in the benchmark Kospi index. The South Korean company was the biggest contributor to the decline on the MSCI Asia-Pacific Index today.