SEOUL Shares in Samsung Electronics Co Ltd (005930.KS) rose 2.5 percent on Thursday to a new lifetime high of 1.419 million won, propelled by expectations that its mobile business will continue to lead strong profit growth.
The world's biggest smartphone maker with a market capitalisation of around $205 billion, had previously peaked at 1.418 million won per share in May and has climbed more than 30 percent since its recent low hit in early July.
(Reporting by Miyoung Kim; Editing by Matt Driskill)
Trending On Reuters
Amazon founder Jeff Bezos said on Tuesday his space transportation company, Blue Origin, plans about two more years of test flights before it will offer rides to passengers. Full Article