South Korean CPI inflation drops to 1.6% y/y in September, below central bank target of 2%. Transport prices fall, fresh food prices stabilize. Data increases odds of BOK easing in October.
Biden administration urges U.S. port employers to end strike with dockworkers, disrupting half of the country's ocean shipping. Analysts warn of billions in economic losses as container vessels pile up at ports.
China's Minister of Commerce, Wang Wentao, and the EU's industry chief, Thierry Breton, held extensive discussions on trade ties, electric vehicles, 5G, and supply chain. Wang expressed concerns about the EU's anti-subsidy investigations into China's electric vehicles. Read more for the latest updates on this crucial trade partnership.