Korea (Republic of) Current Account (Nov) 12.24B vs. Exp. 8.9B (Prev. 6.81B, Rev. 6.81B)
Newsquawk Staff ·
Korea (Republic of) Current Account (Nov) 12.24B vs. Exp. 8.9B (Prev. 6.81B, Rev. 6.81B)
What it means
The unexpected current account surplus from South Korea indicates stronger-than-anticipated trade performance, with the surplus nearly doubling expectations. This positive surprise could bolster market sentiment and contribute to a stronger KRW, while also influencing potential monetary policy discussions if the trend continues.
Related headlines
- China (Sep) outstanding individual mortgage loans -4.1% Y/Y; outstanding property loans -5.2% Y/YOct 28
- BoJ Core CPI YY (Sep) 3.2% (Prev. 2.6%)Oct 27
- Chinese Industrial Profits (Sep YY) 14.4% (Prev. 4.2%)Oct 27
- China YTD Fiscal Revenues (Sep) +5.1% (prev. +5.7%)Oct 23
- China M2 Money Supply (Sept): 7.2% Y/Y (exp. 7.4%)Oct 14
- Chinese Yuan-Denominated Exports YY (Sep) 29.6% (Prev. 18.6%)Oct 14
- South Korean October 1st-10th Exports rose by 102% YY, Imports rose 65.5% YY, while Trade Balance was at a provisional surplus of USD 3.8blnOct 12
- South Korean Foreign Exchange Reserves (Oct) 443.16B (Prev. 440.56B)4 days ago
- PRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) October vehicle sales fell 6.3% Y/Y to 329,773 units, Kia (000270 KS) October vehicle sales rose 10.3% Y/Y to 291,219 units5 days ago
- South Korean CPI (Oct MM) 0.2% vs. Exp. 0.3% (Prev. 0.3%)5 days ago
- South Korean CPI (Oct YY) 2.8% vs. Exp. 2.9% (Prev. 2.9%)5 days ago
- Newsquawk Daily European Equity Opening News - 2nd November 20266 days ago
- [MARKET ANALYSIS] Asia-Pac stocks are mixed as the region attempts to shrug off last Friday's tech rout and amid cautiousness ahead of the midterms6 days ago
- South Korean S&P Global Manufacturing PMI (Oct) 51.3 (Prev. 53.9)6 days ago
- South Korean Trade Balance (Oct) 42.50B vs. Exp. 37.24B (Prev. 49.97B)7 days ago