South Korea's March exports set to rise on chip-led demand: Reuters poll

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SEOUL: South Korea's exports are expected to have risen in March for a sixth straight month, as strong demand for semiconductors continued to lead growth, a Reuters poll showed on Thursday (Mar 28). Exports out of Asia's fourth-largest economy are forecast to have increased 5.

A giant crane moves a shipping container at Pusan Newport Terminal in Busan, South Korea, Jul 1, 2021. SEOUL: South Korea's exports are expected to have risen in March for a sixth straight month, as strong demand for semiconductors continued to lead growth, a Reuters poll showed on Thursday .

That would come after a 4.8 per cent rise in February, which was the slowest in the current sequence of annual gains that started in October, and was distorted by an unfavourable comparison base from the timing difference in the Lunar New Year holidays. "A semiconductor-led exports growth is continuing, while a robust trend is also seen in exports of ships and home appliances," said Chun Kyu-yeon, economist, Hana Securities.South Korea consumer sentiment dips as food inflation emerges as top election issue

"Global manufacturing activity is recovering, albeit at a moderate pace, so the recovery in domestic exports will continue, with semiconductors leading," said Park Sang-hyun, economist, HI Investment Securities.

 

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