Reply To: Traders Market Weekly: it’s a Mad, Mad World of Political Uncertainty

#75051
MoneyNeverSleeps
Participant

South Korea:

Chip news of interest

South Korea’s exports through the first ten days of July were up 33.8% yr/yr with chip exports jumping 85.7%.

The Bank of Korea left its policy rate at 3.50%, as expected, though Governor Rhee acknowledged that the bank is preparing to “switch lanes,” suggesting a rate cut is approaching.