South Korea's economy grew by 0.6% in Q2, exceeding expectations, mainly due to strong semiconductor exports. Annual GDP growth reached 3.7%, prompting forecasts of further interest rate hikes amid persistent inflation. Positive market reactions were seen, particularly in technology stocks.
South Korea's economy grew by 0.6% in Q2, exceeding expectations, mainly due to strong semiconductor exports. Annual GDP growth reached 3.7%, prompting forecasts of further interest rate hikes amid persistent inflation. Positive market reactions were seen, particularly in technology stocks.
<iframe src="https://hindustansphere.com/embed/cluster/482c68584e52acdeab8008457024400911ca969c" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="South Korea GDP expands above estimates in Q2, lifted by semiconductor boom; KOSPI index rallies 3%"></iframe>
