South Korea 1 - 20 November trade data: Exports jump 5.8% y/ySouth Korean trade data for the first 20 days of the month is encouraging for exports:
- +5.8% y/y vs. a -0.2% for October (full month)
Not so much for imports:
Morgan Stanely noted risks for SK from the new incoming US admin:
- "Supply chains would face significant rewiring pressures, and the disruption faced by the corporate sector would meaningfully slow the capex cycle,"
- "Asia's growth could decelerate meaningfully, with the more trade-oriented economies like Korea and Taiwan facing more downward pressure."
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: South Korea 1 - 20 November trade data: Exports jump 5.8% y/y (https://www.forexlive.com/news/south-korea-1-20-november-trade-data-exports-jump-58-yy-20241121/)
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