South Korea April exports seen rising on chip demand
South Korea exports likely rose 45.3 percent in April as AI demand fuels chip sales. Rising oil prices are also lifting import costs and consumer inflation.
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South Korea exports will likely rise 45.3% in April, marking an 11th consecutive month of growth. A Reuters poll of 20 economists shows AI-driven chip demand is offsetting trade disruptions from conflict in the Middle East. As a global trade bellwether, the nation's performance signals robust tech demand despite rising energy costs and regional instability.
