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Samsung Engineering shares surge record 30% in Seoul trading

Tuesday, December 29, 2015 - 10:44
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Samsung Electronics on Friday flagged a 15 per cent increase in 2015 Q4 operating profit, rounding off a year in which the world's largest smartphone producer struggled with fierce competition from arch-rival Apple and cut-price Chinese competitors.

[SINGAPORE] Samsung Engineering, South Korea's largest builder of engineering projects, jumped the most on record in Seoul trading on Tuesday.

The stock rose by the daily limit of 30 per cent to 12,450 won, trimming the year-to-date decline to 47 per cent.

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