South Korean May 1st-10th Exports rose 43.7% Y/Y, Imports rose 14.9% Y/Y, Trade Balance is at a provisional USD 1.7bln surplus
South Korea's robust export growth of 43.7% year-over-year suggests strong external demand, potentially benefiting the won and impacting regional currencies if this trend continues.
Korea Exchange activated a sidecar on the KOSPI after KOSPI 200 futures rose 5%, with programme trading halted for 5 minutes
PBoC is expected to set USD/CNY mid-point at 6.7988 (prev. 6.8502)
South Korean May 1st-10th Exports rose 43.7% Y/Y, Imports rose 14.9% Y/Y, Trade Balance is at a provisional USD 1.7bln surplus
[MARKET UPDATE] Mixed start to Asia-Pac trade as the region reflects on last Friday's tech rally and NFP beat, as well as the latest geopolitical developments with US President Trump rejecting Iran's response to the peace proposal
PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Honda (7267 JT) suffers FY oper. loss of around JPY 400bln, Sony (6758 JT) forecasts FY26 net to increase 12.5% Y/Y to JPY 1.16tln
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Conversely, a 14.9% rise in imports may indicate growing domestic consumption, hinting at an expanding economy; subsequently, the provisional trade surplus signifies positive trade dynamics, which could influence investor sentiments and affect movements in USD/KRW and related pairs.
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