Samsung shares rebound after $7bn buyback plan

Analysts say company needs leadership in technology for further rise

20241118 samsung shares

Samsung Electronics announced a share buyback plan on Friday, a day after the company's stock hit a four-year low. (Photo by Kotaro Hosokawa)

KIM JAEWON, Nikkei staff writer

SEOUL -- Shares of Samsung Electronics rose more than 7% on Monday, following the company's 10 trillion won ($7.2 billion) buyback plan announced on Friday evening. 

Samsung shares traded 57,500 won at one point, up as much as 4,000 won, or 7.5%, in Seoul's stock market. The benchmark KOSPI index was up 1.6%. 

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