Samsung Shares Drop Over FAA Warning on Galaxy Note 7 – Wall Street Journal

Investors wiped more than $10 billion off Samsung Electronics Co.’s market value Friday after U.S. air-safety regulators took the unusual step of singling out its Galaxy Note 7 smartphone as a potential airborne fire hazard.

The shares closed at 1.575 million won ($1,432), down 3.9%.

Airlines including Qantas Airways Ltd. and Virgin…

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