More poor South Korean data – preliminary data for July show exports plunge

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. 

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