Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Bolivia Approves $1.9 Billion IMF Financing Deal 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
Yemen Fighting Threatens Red Sea Oil Routes 
Bessent Presses Japan on Fiscal Policy as Yen Struggles 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
Add as a preferred source on Google
Exports in South Korea rebounded for the first time in 14 months, despite weak demand for smartphones. There have been brisk exports of chips and display panels that helped bolster the outbound shipments.
Exports of information and communications technology (ICT) products increased 3.3 percent from a year earlier to USD14.8 billion in November, data released by the Ministry of Trade, Industry and Energy (MOTIE) showed Thursday.
Imports in the ICT sector inched up 0.5 percent to USD8.08 billion sending the ICT trade surplus to USD6.72 billion that contributed the most to an USD8 billion surplus in all industries. Mobile phone exports tumbled 27.4 percent to USD2.09 billion as Samsung Electronics recalled its latest Galaxy Note 7 smartphones on global reports of the devices catching fire and overheating.
However, chip exports expanded 11.6 percent to USD5.79 billion, posting the double-digit increase in 22 months thanks to higher product prices and strong demand. Display panel shipments grew 3.1 percent to USD2.47 billion, the first rebound in 16 months on demand for OLED panels. Exports of computer and peripherals jumped 15.2 percent to USD660 million.
Meanwhile, exports to China, South Korea's largest trading partner, reduced 3.6 percent, with those to the European Union (EU) falling 1.9 percent.
