South Korea Exports Dip for Sixth Month as Chip Woes Persist – Bloomberg

South Korea Exports Dip for Sixth Month as Chip Woes Persist  Bloomberg

South Korea’s exports fell for a sixth straight month in May as slowing global growth and a downturn in the semiconductor industry continue to take a toll on Asia’s fourth-largest economy, a bellwether for global trade. Shipments fell 9.4% in May from a year earlier, compared with a median forecast of economists for a 6.6% decline. Semiconductor exports, which Samsung Electronics Co. and SK Hynix Inc. lead, dropped 30.5%, according to a statement from the trade ministry. More from Bloomberg.com: China Threatens Sweeping Blacklist of Firms After Huawei Ban The deepening U.S.-China trade war …

Source: Business News Feed