Strike crisis resolved! Samsung Electronics reaches preliminary agreement with union, South Korean stock market rises sharply in response

According to the Securities Times APP, Samsung Electronics has reached a preliminary agreement with the union, resolving the strike threat faced by the world's largest memory chip manufacturer. In response, the South Korean stock market has risen. On Thursday, the South Korean Composite Stock Price Index (KOSPI) rose by as much as 6.4%, with Samsung's stock price soaring nearly 7% and SK Hynix's stock price rising by as much as 8.4%. Due to the sharp rise in stock index futures, the Korea Exchange suspended program trading for KOSPI and the small-cap KOSDAQ index.