South Korea 1 – 20 November trade data: Exports jump 5.8% y/y

South 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:

• -1.0% y/y

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.