Samsung scandal: what’s the worst that could happen — or the best?
Investors in sprawling appliances manufacturer Samsung Electronics should keep a close watch on the share price, writes Tim Culpan
16 January 2017 - 11:56
Taipei — Investors betting on the outcome of bribery investigations at Samsung Electronics have some riveting viewing ahead. Bears finally got their turn on Friday after bulls dominated the stock for most of the week amid a probe into claims that the company and vice-chairman Jay Y Lee’s might be linked to corruption. Samsung shares fell as much as 2.9% in early trade after Lee, 48, was formally named as a suspect late on Thursday. A lot of newspaper ink will spilled over this scandal, and there’s no shortage of opinion as to how it will play out.
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