Economic TimesLean R·
Global Market: South Korea's Q2 GDP beats estimates on chip exports; semiconductor stocks in focus
South Korea's GDP expanded 0.6% in the second quarter. Robust semiconductor exports offset weakness in construction investment, reinforcing optimism for the technology sector. The Bank of Korea expects annual growth around three percent this year. Further interest rate hikes are anticipated due to elevated inflation and growth. This data supports sentiment towards South Korean export-oriented companies.
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