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http://www.bbc.com/news/business-37627178

 

Shares in Samsung fell further on Wednesday after the smartphone maker said it would scrap production of its flagship Note 7 model.

Shares fell 3% at the open, adding to Tuesday's 8% fall.

The company has seen more than $20bn wiped off its market value in two days.

The Note 7 was recalled over exploding batteries in September but as new phones showed the same problems, the South Korean firm has now scrapped the device entirely.

The drop in shares marks a one-month low for Samsung as concerns grew that the current crisis will go beyond the costs of the recall and affect the brand's overall reputation.