South Korean July 1-20 exports (data via the Customs agency, Reuters)
- -13.6 % y/y
July 1-20 imports
- -10.3 % y/y
Semiconductor exports -30.2% y/y
‘Canary in the coalmine’ is often how the performance of SK is viewed. If these are anything to go by its an ex-canary. There will be impact in these from Japan’s move on curbing exporting technology products to the country.