South Korea trade data for August, beats for imports and exports

The headline figures:

Exports +6.6% y/y

• vs expected 5.6% & prior 9.2%

Imports +28.2%

• vs. +23.7% & prior 21.8%

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Less encouraging is that the exports of semiconductors in August fel 7.8% y/y

• exports to China -5.4% y/y