SEOUL - South Korea's exports to China slumped in the first 20 days of February and overall sales per working day tumbled, indicating a grim outlook for Asia's fourth-largest economy as a coronavirus outbreak upends global supply chains.
The outbound shipments are being seen as a bellwether for world trade as South Korea is the first major exporting economy to release data since the start of the epidemic. Park Chong Hoon, a Standard Charted Korea economist, said the headline number was boosted by there being three more working days in the period this year than in 2019 due to the shifting Lunar New Year holiday.
A breakdown of the trade data showed overseas sales of memory chips and car components jumped 15.4 per cent and 40.6 per cent respectively, even as exports of vessels tumbled 29 cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Like a zombie apocalypse': Residents on edge as coronavirus cases surge in South Korea
Source: TODAYonline - 🏆 1. / 99 Read more »
First South Korea virus patient dies as number of infections doublesSEOUL — South Korea reported on Wednesday (Feb 19) the first death in the country of a person infected with coronavirus and 22 new cases bringing the total to 104.
Source: TODAYonline - 🏆 1. / 99 Read more »
South Korea Covid-19 cases surge, majority linked to Daegu churchSEOUL — The mayor of a South Korean city at the centre of a new coronavirus outbreak told residents to stay indoors on Thursday (Feb 20) as a surge in confirmed cases linked to a local church raised the prospect of wider transmission.
Source: TODAYonline - 🏆 1. / 99 Read more »
First South Korea virus patient dies as number of infections doublesSEOUL — South Korea reported on Wednesday (Feb 19) the first death in the country of a person infected with coronavirus and 22 new cases bringing the total to 104.
Source: TODAYonline - 🏆 1. / 99 Read more »
South Korea reports 15 new Covid-19 cases, raising total to 46SEOUL — South Korea reported 15 new confirmed cases of the novel coronavirus on Wednesday (Feb 19) including a cluster of at least 11 centred on the southern city of Daegu.
Source: TODAYonline - 🏆 1. / 99 Read more »
South Korea: Stocks end flat as fast-spreading virus keeps investors waryRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »