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5th Aug 2024 17:58China+Daily Monitor

  • Weak Korean export rebound was disappointing; working-day adjusted growth actually eased sharply.
  • Deeper dive in US shipment growth was the driver, coupled with a double-digit plunge in car exports.
  • Firming KRW and easing cost burden give BoK more room to cut rates, but unlikely to hasten the timeline. 

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