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 = ..."

A planned strike at South Korean chip giant Samsung Electronics will go ahead from Thursday, its union said, after talks on bonus payouts collapsed, raising concerns over a…

Samsung Electronics' shares surged over 6% after the tech giant and its union reached a tentative pay deal, averting a potential strike. The planned 18-day walkout by nearly…