Kospi Rises 0.31% on May 18 as Court Blocks Samsung Electronics Strike

According to Yonhap, South Korea’s Kospi rose 0.31% on May 18, rebounding from the previous session’s decline, as investors bought chip stocks including Samsung Electronics after a court partially blocked the company’s planned strike and wage talks resumed with its largest union.

Foreign investors sold a net 3.7 trillion won (US$2.45 billion) for an eighth consecutive session. Samsung Electronics shares climbed 3.88%, while SK hynix gained 1.15%.