Korean Stocks Rebound From Brink of Correction on Samsung Rally

South Korean stocks erased their morning losses to finish higher, as optimism over progress in Samsung Electronics Co.’s labor talks helped offset the hit to sentiment from rising bond yields.

The Kospi edged up 0.3% on Monday, rebounding from an earlier tumble of as much as 4.7% after the opening bell that briefly pushed the index into correction territory. The Korea Exchange halted program selling after a sharp slump in futures.