Meanwhile, South Korean Industrial Production Crashes

With South Korean stocks soaring in the face of nukes from their northern neighbor and a credit-crunching China, it appears the South Korean economy just caught down to reality...

South Korean Industrial Production crashed 5.9% YoY in October - the biggest plunge since Feb 2013 - driven by a 17.5% collapse in auto production.

Economists had forecast a 3.0% surge in IP this month.

Of course, for the rampant buyers of South Korean stocks, none of that matters...

Comments

38BWD22 Wed, 11/29/2017 - 18:13 Permalink

  I don't know if it works that way (at least for us as a small company), but maybe our Korean bearing suppliers will finally be able to supply us all we need (number of pieces and quantities of each).