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