South Korea's December PMI rises to 50.1 from 48.2 previously, the first time in expansion territory since May. Yesterday, the country reported an unexpected 5.5% Y/Y decline in December exports. The government blames the fall on fewer working days during the month, but there's also the won, the strongest 2012 performer among major Asian currencies - up 7.7% vs. the greenback. South Korea Index Fund (NYSEARCA:EWY) +21.2% in 2012.
South Korea's December PMI rises to 50.1 from 48.2 previously, the first time in expansion...
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Symbol | Last Price | % Chg |
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EWY | - | - |
iShares MSCI South Korea ETF |