Samsung Electronics' shares jump after tentative wage deal suspends strike

​Samsung Electronics' shares ​rose ‌as much as ​6.5% in morning trade ‌on Thursday after the tech giant and its South Korean union ‌reached a tentative pay deal, ‌potentially averting a strike that had threatened to hit the economy ⁠and ​undermine ⁠global chip supply chains.

The union said the ⁠planned 18-day strike by nearly ​48,000 members would be suspended while ⁠the tentative agreement is put to ⁠a ​vote between May 22 and 27.

The benchmark ⁠KOSPI was up 4.6% as of ⁠0005 ⁠GMT.