South Korea’s stock market soars as Samsung union calls off planned strike

South Korea’s stock market rallied after a last-minute deal was reached to avert a strike that threatened global memory chip supply. Samsung Electronics and its union announced a tentative agreement to settle a months-long pay dispute, avoiding an 18-day walkout by about 48,000 employees. The KOSPI index soared over 8%, with Samsung's stock jumping more than 7.5%.