South Korea February exports +26.4% y/y (per working day measure)

The external sector of SKs economy is surging ahead. February trade data:

• exports +9.5% y/y (Reuters poll +9.5%)
• imports +13.9% y/y (Reuters poll +12.3%)
• avg exports per working day +26.4% y/y
• semiconductor exports +13.2% y/y
• exports to china +26.5% y/y