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SOUTH KOREA: Trade Data Supports BOK Stance.

SOUTH KOREA
EM BulletAPACBulletSouth KoreaGlobalEmerging Market NewsRegion
  • Stronger than expected Exports and softening imports left South Korea with a  $6.6bn Trade surplus for September, surpassing expectations.
  • Exports for September rose 7.5%, above market expectations of a 6.4% increase.
  • Imports rose 2.2%, down from the prior month of +6.0% and market expectations of 5.0%.
  • When combined with the decline in PPI released earlier, this data point provides support to the BOK’s view of keeping rates on hold whilst focusing on the housing market and the associated debt levels that go with it, at a time when the politicians are focused on the consumer in general given these competing forces.
  • As one of the largest exporters of technology, South Korea’s market is considered an indicator of global trade, particularly in memory chips used in AI technology.
  • Today’s data release may indicate that trade is recovering in the region. 
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  • Stronger than expected Exports and softening imports left South Korea with a  $6.6bn Trade surplus for September, surpassing expectations.
  • Exports for September rose 7.5%, above market expectations of a 6.4% increase.
  • Imports rose 2.2%, down from the prior month of +6.0% and market expectations of 5.0%.
  • When combined with the decline in PPI released earlier, this data point provides support to the BOK’s view of keeping rates on hold whilst focusing on the housing market and the associated debt levels that go with it, at a time when the politicians are focused on the consumer in general given these competing forces.
  • As one of the largest exporters of technology, South Korea’s market is considered an indicator of global trade, particularly in memory chips used in AI technology.
  • Today’s data release may indicate that trade is recovering in the region.