Shares of Samsung Electronics (Seoul: 005930) rose 15,000 Korean won (US $13.21) in Seoul trading on Tuesday, despite requests by Apple (Nasdaq: AAPL), the world's most valuable technology company, to ban sales of eight products in the U.S.
Samsung shares closed at 1,195 million won, reversing their 7.5 percent slump on Monday, the first trading day after a jury in U.S. District Court in San Jose, Calif., found that that the company had infringed upon various Apple patents and was ordered to pay at least $1.05 billion. Judge Lucy Koh was asked by Apple, of Cupertino, Calif., to ban sales of Samsung products that were involved in the case.
Samsung said it would appeal.
Shares of Apple fell 88 cents to $674.80 inTuesday trading, after setting another record high of $680.87 on Monday.
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