Economics
Korea Exports Fall Less Than Expected Amid Hope of Trade Rebound
- Shipments dropped 2% from year earlier; imports climbed 2.4%
- April data was impacted by continued decline in chip prices
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South Korea’s exports fell less than expected in April even as they dropped for a fifth straight month. While concerns linger about slowing growth in Asia’s fourth-largest economy, the potential signs of recovery in shipments add to hopes for a rebound in global trade this year.