Samsung Electronics shares rise after Apple award nearly halved

SEOUL Sun Mar 3, 2013 7:17pm EST

A passerby photographs an Apple store logo with his Samsung Galaxy phone in central Sydney in this September 21, 2012, file photo. REUTERS/Tim Wimborne/Files

A passerby photographs an Apple store logo with his Samsung Galaxy phone in central Sydney in this September 21, 2012, file photo.

Credit: Reuters/Tim Wimborne/Files

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SEOUL (Reuters) - Shares in Samsung Electronics Co (005930.KS) rose 1.1 percent on Monday after a U.S. judge almost halved the $1.05 billion jury award Apple Inc (AAPL.O) had won in its mobile patents battle with the South Korean firm, and set a new trial to determine damages.

Shares in Samsung were trading 0.7 percent higher minutes after the market open.

(Reporting By Miyoung Kim; Editing by Stephen Coates)

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