Shares of the tech giant surged 10.25 percent to 349,500 won as of 1:40 p.m. on the benchmark KOSPI, hitting an intraday high and pushing its market capitalization to 2,041.8 trillion won (US$1.51 trillion).
Samsung first crossed the 2 quadrillion won mark at around 11:40 a.m., when shares were up 9.31 percent at 346,500 won. The rally then gathered pace through the afternoon, adding more than 16 trillion won to its valuation in just two hours.
The surge widened Samsung's lead over closest rival SK Hynix, whose shares rose 1.67 percent to 2,372,000 won, valuing the company at 1,693.38 trillion won (US$1.25 trillion) and leaving it roughly 348 trillion won (US$258 billion) behind Samsung.
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