South Korea’s GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.
Investors will assess South Korea's advance second-quarter GDP numbers, which came in slightly below expectations.
South Korea's GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters. On a quarter on quarter basis, the country's economy shrank 0.2%, compared to a 0.1% rise expectedextended its six-day losing streak to plunge 2.
Seperately in Asia. investors will assess South Korea's advance second-quarter GDP numbers, which came in slightly below expectations. South Korea's GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters. On a quarter on quarter basis, the country's economy shrank 0.2%, compared to a 0.1% rise expected in the Reuters poll and a reversal from the 1.3% growth seen in the first quarter.lost 1.8%, while the Kosdaq was down 2.32%. The index was dragged by heavyweight SK Hynix, which also fell 6%.Operating profit came in at 5.47 trillion won, its highest in six years. Net profit stood at 4.
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