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Samsung Electronics two-day rally leads KOSPI to yearly high Updated: 2016-08-19 16:45:38 KST

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2016-08-19

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Shares of Samsung Electronics surged to a new all-time high on Friday‚ in part thanks to a better-than-expected market response to the new Galaxy Note tablet. The tech giant gained more than two-percent‚ to close at about 15-hundred U.S. dollars‚ beating its own record set the day before‚ and it led the benchmark KOSPI up point-zero-4 percent to a new high for the year. Local analysts also attribute Samsung Electronic's two-day rally to the company's surprise second-quarter operating profit of around 7.2-billion dollars led by the popularity of its flagship S7 smartphones and brighter prospects for its semiconductor and display units for the latter half of this year. Reporter : jiyeonkim@arirang.co.kr

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