- South Korean Chip Exports Collapse 25% – Worst Since 2009
by Tyler Durden, https://www.zerohedge.com/
South Korea’s exports are headed for another monthly drop amid slowing economic growth in China and weak demand for semiconductors, preliminary trade data for March shows.
The preliminary data – for the first 20 days of the month – saw exports fell 4.9% from a year earlier, putting them on course for a fourth consecutive monthly decline.
Imports in the first 20 days of March fell 3.4%, from a year earlier. Shipments to China slid 12.6% while overall sales of semiconductors, a key driver of Korea’s economy, decreased by 25& – the biggest YoY decline since March 2009…