S.Korea's export growth set to slow for third month as demand for chips cool: Reuters poll [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Yahoo! Finance
Outbound shipments from Asia's fourth-largest economy are forecast to have risen 6.9% in October from a year earlier, according to the median of 22 economists in the survey conducted Oct. 24-29. That would be the 13th straight month of annual export growth but slightly weaker than the 7.5% year-on-year rise in September and the slowest rate since June. "It is likely export growth has entered a slowing trend with IT demand beginning to gradually weaken amid limited demand for non-semiconductor exports," said Chun Kyu-yeon, an economist at Hana Securities. South Korea, the first major exporting economy to report trade figures each month, is scheduled to report monthly data for October on Friday, Nov. 1, at 9 a.m. (0000 GMT). Asia's fourth-largest economy barely grew in the third quarter due to a fall in exports, which had been led mainly by semiconductor sales to the United States. "A slowdown in exports led by the semiconductor sector would be adverse news for the economic g
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