Samsung Shares Jump After High-Stakes Labor Talks Resume

Samsung Electronics Co.’s shares climbed more than 6% after its union signaled a willingness to negotiate and a local court granted the company’s request to curtail a potential strike, blunting the chances of a major chip production disruption.

Fresh talks began Monday with the union’s top leader saying he would “sincerely engage” with company executives. Many of Samsung’s requests to prevent certain labor actions were granted by a Korean court, including barring the union from occupying company facilities. Samsung’s shares climbed as much as 6.7% in Seoul, reversing earlier losses.