Samsung Electronics shares surged sharply on Monday after the company resumed mediated wage negotiations with its largest labour union, easing fears of a disruptive strike. The rebound helped lift the KOSPI, as Samsungs heavy index weight amplified the market impact. Investor sentiment improved after political and corporate leaders intervened to calm tensions.

Samsung Electronics shares fell 9% as its labor union pushed ahead with an 18-day strike amid stalled wage talks.

Samsung Electronics and its South Korean labour union will resume government-mediated pay talks on Monday in an effort to avoid a strike planned for Thursday. The talks come after…

Samsung Electronics shares surged sharply on Monday after the company resumed mediated wage negotiations with its largest labour union, easing fears of a disruptive strike. The…