South Korea’s technology exports fell for the first time in more than two years in July

South Korea trade ministry export data, the report comes via Bloomberg (gated). Exports of information and communications products -0.7% y/y in July * prior +6.8% June Memory chips -13.5% * semiconductor shipments as a whole + 3.1% Exports overall rose 9.4% y/y in July. Bloomberg add:South Korea’s technology exports declined for the first time in more than two years in July, in a sign that global demand is cooling as concerns mount about the outlook for the world economy.-Separately, South Korea exports for the first 10 days of August were +8.7% y/y (semiconductors -5.1% y/y though) This article was written by Eamonn Sheridan at www.forexlive.com.
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