South Korea's KOSPI surged 8% after Samsung Electronics reached a labor deal averting an 18-day chip factory strike, boosting global semiconductor sentiment.

"By now, one would know: any correction on Hynix & Samsung = ..."

SEOUL — Samsung Electronics and its labor union started talks on Monday in a last-ditch bid to avert the biggest strike in the tech giant's history, amid concerns that a walkout…

Samsung accounts for almost a quarter of South Korea's exports