Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 
South Korea's airfreight export deliveries reached $183 billion in 2020 to account for 36 percent of the country's combined $512.5 billion exports last year, according to the data compiled by the Korea International Trade Association (KITA).
Maritime transport still accounted for the majority of $325.8 billion, but it edged down 5.6 percentage points while air cargo rose 5.4 percentage points on-year.
According to KITA, the increase in air cargo volume was triggered by the growing global demand for high-value products, such as memory chips, solid-state drives, organic light-emitting diode (OLED), and biohealth goods.
Last year, South Korea's chip exports increased 5.6 percent to reach $99.1 billion, while those of biohealth products surged 54.4 percent to reach $14 billion.
KITA noted that maritime shipping lost ground due to the high freight costs coupled with container shortages.
The weaker performance of heavier goods, such as automobiles and steel, contributed to the weaker demand for maritime shipping services.
Automobile exports shed 13.1 percent on-year at $47.9 billion, and those of steel dropped 14.4 percent to $26.5 billion.
