Feeling the slowdown in the world around it is Korea, it's manufacturing PMI slumping to 49.4 in...

|By:, SA News Editor

Feeling the slowdown in the world around it is Korea, it's manufacturing PMI slumping to 49.4 in June from 51 previously. It's the first sub-50 read in 5 months. "Should the slowdown in demand for Korean goods be sustained, manufacturing employment may start to contract," says HSBC. The Kospi fails to benefit from the big Friday rally, finishing flat.