Samsung Electronics, the world’s largest maker of televisions and mobile phones, fell 2 percent in trading in Seoul after second- quarter sales missed estimates, fanning concern that Europe’s debt crisis is dragging on demand.
Sales of 47 trillion won ($41 billion) trailed the 49.8 trillion-won average of 35 analyst estimates compiled by Bloomberg, overshadowing operating profit that rose to a record. The European Central Bank cut its benchmark interest rate to a record low yesterday and China also reduced borrowing costs, adding to signs that global electronics demand may weaken.
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