South Korea November exports plunge as China-U.S. deal still in dark

South Korean exports in November fell for the 12th month in a row and far more than expected, denting hopes for the global manufacturing sector stabilising as a much-awaited China-U.S. trade deal is still in darkness. Exports declined 14.3% in November from a year earlier, trade ministry data showed on Sunday, far below a median 10.2% fall tipped in a Reuters poll and missing even the worst forecast in the survey of an 11.1% loss. It was also the second-worst drop in overseas sales in nearly four years as global semiconductor prices failed to turn around while China, …read more

Source:: Yahoo Finance

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