Samsung Electronics' stock price has fallen back to the 60,000 won level as profit-taking sales have emerged.

Samsung Electronics logo. /Courtesy of Samsung Electronics

As of 9:24 a.m. that day, Samsung Electronics is trading at 69,700 won, down 700 won (0.99%) from the previous trading day.

The rise of Samsung Electronics' stock price to the 70,000 won level for the first time in 11 months the previous day is interpreted as investors are putting out profit-taking sales.

Samsung Electronics' stock price closed up 6.83% at 70,400 won, following news of signing a large-scale semiconductor consignment production contract the previous day.

Although Samsung Electronics did not directly disclose this through an announcement, it was revealed via a post by CEO Elon Musk on social media that the contracting party is Tesla.

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