South Korea October 1-20 exports surge 105% on record chip sales

SEOUL: South ​Korea’s exports surged ‌105.4% in the first 20 days of ​this month from ​a year earlier, led ⁠by record chip ​sales driven by global ​AI investment, customs data showed on Wednesday.

On a ​working-day average basis, ​exports were up 65.9% at ‌a ⁠record $4.74 billion.

Exports of semiconductors rose 222.5%, accounting for 44.7% ​of the ​total.

South Korea stocks slip despite stellar exports as oil worries weigh

Last ⁠month, exports rose 83.7%, the ​biggest jump since ​February ⁠1974, with the monthly value topping $120 ⁠billion ​for the ​first time.