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The Economic Times
The Economic Times
Technology

South Korea July exports beat forecasts on robust demand for AI investments

United States South Korea Apple Memory China Semiconductor

South Korea's exports grew more strongly than expected in July on global chip and computer demand for AI investments.

Exports from Asia's fourth-largest economy rose 62.8% in July from ‌a year earlier ⁠to $98.89 ⁠billion, preliminary trade data showed on Saturday, beating a median 59.0% increase tipped in a Reuters poll of economists.

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