Samsung, the world-famous manufacturer of computer electronics from South Korea, saw its market capitalization shrink by as much as over 22 billion dollars in a matter of just 2 trading days. This happened amid a scandal with the new smartphone named Samsung Galaxy Note 7, Masterforex-V Academy reports.
The recent stock market plunge in China cost the world’s second biggest economy at least 2 500 billion dollars of stock market capitalization. That is the major reason why the Chinese stock market indexes have lost more than 30% of its value over the last few weeks, Masterforex-V Academy reports.
The Chinese authorities have temporarily banned public Chinese companies from trading their stocks in order to reduce the increased volatility in the Chinese stock market and defend the interests of multiple investors, Market Leader reports.
According to the official website of the Chinese Telecommunication Equipment Verification Center, Samsung has registered a new smartphone, which means that Samsung Galaxy A8 is going to be officially announced soon.