Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (11337)	9/1/2003 1:14:05 AM
From: StanX Long	Respond to of 95888

South Korea posts 1.93 billion dollar trade surplus for August Monday September 1, 12:12 PM sg.biz.yahoo.com South Korea posted a trade surplus of 1.93 billion dollars in August, keeping in the black for the fifth straight month on brisk exports of handsets, chips and computers, government data showed. Exports in August stood at 15.483 billion dollars, up 10.9 percent year-on-year, while imports rose 5.4 percent to 13.556 billion dollars, the Ministry of Trade and Industry said in a preliminary report. My Mobile Phone: It said slower import growth amid weaker domestic demand and stronger overseas demand for handsets, semiconductors and computers supported the country's fifth consecutive trade surplus since April. "Handset exports maintained their solid growth and semiconductors and computer exports extended double-digit growth for two consecutive months," it said. "However, auto exports suffered two consecutive months of falls due to strikes." Semiconductor exports grew 13.5 percent year-on-year to 1.66 billion dollars in August, wireless telecom equipment exports were up 43.9 percent at 1.65 billion dollars and computer exports rose 31.9 percent to 1.39 billion dollars. Automobile exports dropped 8.9 percent to 1.17 billion dollars while petrochemical goods fell 26.1 percent to 480 million dollars. The ministry expects to record another surplus in September as chip and computer exports have been recovering since July and shipments to China are also increasing while import demand will continue weaker. "Imports are likely to remain sluggish for a while due to weak domestic demand, resulting in another trade surplus in September," it said. The ministry, however, cautioned that recent rises in the value of the won against the dollar and the faster pace of the won's rise compared to that of the yen may negatively affect exports and the trade account in coming months. The cumulative trade surplus for the eight months to August stood at 5.795 billion dollars compared with a 6.390 billion dollar surplus a year earlier.