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The Economic Times
The Economic Times
Business

South Korean shares end 8% higher as Samsung hits record on pay deal

South Korean shares rose 8% on Thursday, with Samsung Electronics hitting a record high after a pay deal with its labour union averted a strike, easing concerns over potential disruption to the country's economy ‌and global ⁠chip supply.

⁠The benchmark KOSPI closed up 606.64 points, or 8.42%, at 7,815.59, marking its highest closing level since May 14 and biggest one-day gain since April 1.

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