South Korean exports in October fell for an 11th consecutive month and by the mo...
was fell 0.6% against the dollar, while liquid three-year treasury bond futures KTBc1 added 0.08 points after the first 45 minutes of trade.
South Korea, the first major exporting economy to release monthly foreign trade data, has been struggling especially hard from the prolonged U.S.-China trade war on top of already cooling global demand. Though signs of a thaw in the U.S-China trade tensions provide some cause for optimism, economists say uncertainties remain high and exports have yet to show firm evidences of bottoming out.
The trade figures came out shortly after separate data showed South Korea’s annual consumer price inflation stood at zero percent in October, pulling out of its first deflation on record in September.
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