Odaily Odaily reports that Samsung Electronics’ stock rose immediately after the company reopened high-stakes wage negotiations with its largest labor union. Samsung’s stock surged as much as 6.7% in Seoul trading on Monday, reversing its previous decline. If the negotiations aimed at averting a strike prove successful, they would prevent disruptions to the operations of the world’s largest memory chip manufacturer.

Efforts by South Korean political and business leaders to ease tensions have temporarily alleviated concerns about a major shock to the country’s critical semiconductor industry. Additionally, according to Yonhap News Agency, a South Korean court partially granted an injunction on Monday against potential illegal actions by the union, which also helped reduce market anxiety. (Jin Shi)