Samsung SDI cuts share sale price, as shaky global markets hit Asian deals
SEOUL (Reuters) -South Korean battery maker Samsung SDI, is cutting by 14% the price of new shares it will sell to raise 2 trillion won ($1.4 billion), as the global markets' selloff triggered by U.S. tariff fears hit corporate deals across Asia. Samsung SDI indicated on Wednesday it plans to sell its new shares at 146,200 Korean won ($98.41) each, down from the 169,200 won announced last month. A growing number of deals are being impacted by the volatility sweeping global markets in the aftermath of U.S. President Donald Trump's tariffs package.