Samsung stock rallies by 12% as market cap hits new all-time high of $1 trillion

Samsung Electronics (005930.KS) jumped 12% on Wednesday, and that was enough to push its value above $1 trillion. The rise put Samsung in this cute little club, as it became the second Asian company to cross $1 trillion, behind TSMC (TSM). FactSet data showed that Samsung first crossed that level on February 26, but Wednesday’s...