November 21, 2024 05:14 GMT
SOUTH KOREA: Country Wrap: Early Export Data Shows Strong Rebound.
SOUTH KOREA
- The first 20 days Exports Ramp Up YoY for November +5.8% whilst the first 20 days of imports declined YoY -1.0% to deliver a trade surplus of US$798m for the first 20 days of the month (source MNI – Market News).
- A Bank of Korea survey shows US policy risks have emerged as a major concern for local financiers and experts, following the presidential election (source: BBG)
- Korea’s KOSPI put in another robust day up +0.40% following the strong export data.
- KRW – the Won had a good day also following the positive export news, shaking off the USD bounce to be up +0.15%.
- Bonds: a strong rally across all maturities with the 2 year down 4bps to 2.842% and the 10 year down 4bps to 2.981%
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