South Korea's August PMI inches up to 47.5 from 47.2 previously as the country's export industry...

|By:, SA News Editor
South Korea's August PMI inches up to 47.5 from 47.2 previously as the country's export industry continues to be hit by the slowdown in China and Europe. In a separate report, the country's inflation rate fell to 1.2% in August, the lowest read in more than 12 years. "We expect the BOK to deliver one more 25 basis point rate cut in September," says HSBC's Ronald Man.