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Korea’s August exports jump 68.7% to $98.25 billion as Asia’s fourth-largest economy extends its trade expansion streak for a 15th consecutive month. Semiconductor exports, the primary driver of national trade performance, soared 209% year-on-year to an all-time high of $46.65 billion. Energy and chemical sectors also contributed to monthly top-line gains. Petroleum product exports climbed 65.3% year-on-year to $6.84 billion, while petrochemical exports advanced 12.2% to $3.86 billion. Geographically, outbound deliveries to major trading partners demonstrated broad-based expansion. Minister of Trade, Industry and Energy Kim Jung-kwan stated in an official release that non-semiconductor exports expanded by 20% overall, pointing to a broader recovery across secondary export industries.
The Ministry of Statistics and Programme Implementation put real gross domestic product at ₹81.36 lakh crore for the quarter. That compared with ₹75.46 lakh crore in the same period a year earlier. Nominal GDP reached ₹88.27 lakh crore, up 10.3% from ₹80 lakh crore. Real gross value added, another measure of economic activity, increased 8.2% to ₹73.82 lakh crore. Nominal GVA rose 11.5% to ₹80.53 lakh crore. Manufacturing grew 9.2% during the quarter, while financial, real estate and professional services expanded 12.1%. Agriculture, livestock, forestry and fishing grew 3.6%. Household consumption increased 7.1%, maintaining its role as a major component of domestic demand. Investment also strengthened, with gross fixed capital formation rising close to 12% from a year earlier. Its share of nominal GDP reached 34.3%, compared with 31.4% in the corresponding quarter last year.
Japanese stocks came under sharp pressure Monday as the Nikkei 225 dropped nearly 2% in early trading. The benchmark fell 1.97% to 65,096.63 and later touched an intraday low of 64,832.10. Technology shares led much of the decline as investors reacted to higher bond yields and tighter interest rate expectations. The broader Topix also weakened early, falling 0.84% to 4,111.71. Japanese government bond yields rose at the same time, adding pressure to rate sensitive parts of the equity market.
Oil prices recovered modestly on Tuesday after Brent crude and WTI fell more than 2% in the previous session. Brent futures rose 27 cents, or 0.3%, to $92.44 a barrel by 0330 GMT. U.S. West Texas Intermediate gained 37 cents, or 0.4%, to $85.38. The rebound followed Monday’s sharp pullback, which ended six consecutive sessions of gains across the two benchmark crude contracts.
Alibaba Group has priced an HK$80 billion share placement to fund artificial intelligence investment and expand its AI infrastructure. The Chinese technology group will issue 710 million new ordinary shares at HK$112.70 each. The deal is worth about US$10.2 billion at current exchange rates. Alibaba expects the transaction to close on Aug. 26, subject to customary conditions.
South Korea has begun its first container ship trial through the Arctic to Europe. The 2,758-TEU PanStar Acro left Busan New Port at about 9 p.m. on August 22. The Ministry of Oceans and Fisheries confirmed the departure and published the voyage schedule. The ship will use the Northern Sea Route before calling at three European ports. The 45-day round trip is scheduled to end in Busan on October 5.
