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The benchmark KOSPI rose nearly 4% to around 5,770 on Wednesday, recovering losses from the previous session as semiconductor stocks rallied. Samsung Electronics and SK hynix climbed more than 4% and 5%, respectively. Additionally, South Korea’s exports surged 105.4% year-on-year to $61.6 billion in the first 20 days o
Exports rose 105.4% year over year, led by record chip sales. On a working-day average basis, exports were up 65.9% to a record $4.74 billion.
* 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
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI