Stock rally underscores hopes for Samsung's earnings recovery
Aug. 19, 2016
Powered by better-than-expected market responses for the new Galaxy Note phablet, expectations for a continued recovery of earnings have propelled shares of Samsung Electronics Co. to an all-time high, after surging more than 30 percent this year. Shares of Samsung, the world's largest maker of smartphones, jumped 4.7 percent on Thursday to close at 1,640,000 won ($1,480), a record closing high, and traded at a new intraday record of 1,643,000 won per share in early Friday trade. The stock rally