Samsung SDI cuts pricing of $1.4 billion share-sale as global markets tumble
SEOUL (Reuters) -South Korean battery maker Samsung SDI, said on Wednesday it would cut the pricing of new shares to raise 2 trillion won ($1.4 billion) by 14%, after its stock tumbled in the global markets' selloff triggered by U.S. tariff fears. Samsung SDI indicated it plans to sell its new shares at 146,200 Korean won ($98.41) each, down from the 169,200 won announced last month. Its shares have fallen 5% in the past week as U.S. President Donald Trump's tariffs created turmoil in international equities markets as investors feared a global economic slowdown could occur.