Tuesday, August 31, 2010

Asia is pricing in risk - (update 2) South Korea's PMI down

South Korea's trade surplus: expanding 34.9% to $2.08billion from $1.54billion a year ago, with both export and import growth showing an extreme slowdown.

PMI for August 2010 dropped to 50.9 from 53.3 in July 2010 form the peak of 58.2 in February 2010 lowest since March 2009.

South Korea's contraction is now in place.

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