South Korea August Exports Jump 68 Percent
South Korea reported that August exports rose 68.7 percent from a year earlier, marking the fifteenth consecutive month of growth. The expansion beat analyst forecasts as global technology demand drove shipments higher to $98.26 billion.
South Korea's exports jumped 68.7% to $98.26 billion in August from a year earlier, extending their winning streak to a 15th consecutive month. The expansion easily outpaced economists' median forecasts driven by surging global technology demand. Imports rose 22.5%, leaving the country with a preliminary trade surplus of $34.75 billion for the month, government data showed during Monday morning trade.
