South Korea's exports increased 5.1% in October, indicating resilience in global demand and boosting confidence in the nation's growth outlook. Imports fell 9.7%, resulting in a trade surplus of $1.6 billion.
-- South Korea ’s exports rose for the first time since late last year in a positive sign for the nation’s growth outlook and an indication that global demand is showing resilience.Exports increased 5.1% from a year earlier in October, according to data released Wednesday by the trade ministry. Ruling out working-day differences, average daily shipments also rose 7.6%. Imports fell 9.7%, resulting in a trade surplus of $1.6 billion.
The country’s trade figures are also viewed by some economists as a rough proxy for global demand, especially in the tech sector. The Israel-Hamas conflict, meanwhile, threatens to fuel oil prices and inflation that would dent consumer sentiment. Adam Kinzinger said onetime Trump chief of staff John Kelly 'could barely stay awake' during a White House breakfast and told GOP lawmakers he was 'barely holding it together' in the role
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