South Korean economy suddenly shrinks in the first quarter
In the first quarter, the South Korean economy suddenly contracted, thus marking its worst outcome since the global financial meltdown…
Tag - asia
Turkish lira goes down
Turkey is making its way towards another currency downtime, with the Turkish lira diving to its lowest value for almost a year after Turkey’s election authorities canceled the recent municipal election outcomes for Istanbul…
Asia factory activity bottoms out
In April, factory activity partly recovered, although still staying on shaky ground due to the fact that global demand was still subdued because China's stimulus measures were yet to demonstrate their full pulling power…
Japanese yen tacks on
On Monday, the safe-haven yen managed to rally, while the Chinese yuan and Australian dollar tumbled right after the latest escalation in the trade conflict between China and America…
South Korean exports head south for the fifth month
In April, South Korea's exports shrank less than in March, although demonstrating the fifth consecutive diving month, with memory chip shipments decreasing by 13…
Tariff threats affect Chinese Yuan
On Monday, Donald Trump’s fresh threats to lift levies on Chinese exports sent ripples through financial markets, thus affecting risk sentiment and backing safe-haven assets…