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Samsung slumps by US$22b as Note 7 alerts pile up

Tuesday, September 13, 2016 - 05:50

Seoul

SAMSUNG Electronics Co lost US$22 billion of market value over two days as investors factor in a bigger hit to its bottom line from widening bans and warnings on its Note 7 smartphones.

Shares have plunged 11 per cent since Friday, the biggest two-day decline since 2008,