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Samsung Falls After JPMorgan Cuts Estimates on Galaxy S4

Samsung Electronics Co., the world’s largest smartphone maker, fell the most in more than nine months in Seoul after analysts at JPMorgan Chase & Co. cut profit estimates, citing slowing demand for its flagship Galaxy S4.

The shares declined 6.2 percent to 1,427,000 won as of the close of trade, the largest drop since Aug. 27. The stock was the biggest drag on the MSCI Asia Pacific index.