US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Gold Prices Rise as Yen Rally Weakens Dollar 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
China Inflation Accelerates in August as CPI, PPI Rise 
Norway Core Inflation Rises to 3% in August 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
South Korea GDP Surges on Chip and AI Boom 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
German Inflation Accelerates to 2.9% in August 
Add as a preferred source on Google
South Korea's Export Growth Slows Amid Weakening Global Demand
South Korea’s export growth is anticipated to decline for the third consecutive month in October, reflecting cooling global demand for computer chips. A recent Reuters poll, conducted between October 24 to 29, forecasts outbound shipments from Asia's fourth-largest economy to increase by 6.9% year-on-year. This figure, while indicating continued growth, is lower than September's 7.5% and marks the slowest rate since June.
Chun Kyu-yeon, an economist at Hana Securities, noted that “export growth has likely entered a slowing trend” as IT demand wanes, coupled with subdued interest in non-semiconductor exports. South Korea, recognized for being the first major economy to release monthly trade figures, is set to publish its October data on November 1 at 9 a.m. (0000 GMT).
The third quarter showed minimal growth for the economy, primarily due to reduced semiconductor exports to the United States. Analyst Oh Suk-tae from Societe Generale highlighted that a continued slowdown in the semiconductor sector could negatively impact the overall economic outlook.
In the first 20 days of October, exports dropped 2.9%, with shipments to the U.S. and the European Union declining by 2.6% and 8.9%, respectively. However, exports to China experienced a slight increase of 1.2%. Park Sang-Hyun from iM Securities remarked on the anticipated slowdown in U.S.-bound shipments and weaker-than-expected recovery for shipments to China.
Imports are expected to rise 2.0% in October, following a 2.2% increase in September. The trade balance for this month is projected to show a surplus of $4.23 billion, down from $6.66 billion in September.
