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South Korea's chip-led export growth has not yet translated into higher wages, consumption, or services inflation, according to Nomura's Jeong Woo Park. While the export strength poses upside risks to economic growth and supports a hawkish stance from the Bank of Korea, the labor market remains weak.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but