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Samsung shares edge higher but Asian chip stocks remain weak

Morgan Stanley says chip prices trending down but other analysts disagree

SK Hynix’s plant in Cheongju, South Korea

SEOUL/TAIPEI -- Samsung Electronics shares on Tuesday clawed back some of their losses triggered by a downgrade of the semiconductor industry by investment bank Morgan Stanley at the weekend, although other stocks in the sector remained weak for a second day.

Samsung shares rose 1.22% to 2,664,000 won on Tuesday, after they marked the biggest one-day fall this year of 5.08% on Monday. Institutional investors led the partial rebound with net buying of 37.4 billion won ($34.5 million). The benchmark KOSPI edged up 0.25% to 2,514.19 on the back of gains made by Samsung, the bourse's largest chip.

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