South Korea’s exports down for 7th month on falling chip demand

Posted on   10:57 am

 South Korea’s exports fell for the seventh consecutive month in April due mainly to sagging global demand for semiconductors amid an economic slowdown, the industry ministry said on Monday. Outbound shipments fell 14.2 per cent on-year to $49.6 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy.

Madrid Open: Medvedev moves into last-16

Posted on   10:46 am

 Daniil Medvedev fought back from a set down to qualify for the last-16 stage of the Madrid Open for the first time in his career in the Monday morning session. The 27-year-old, who is the second seed in the tournament, lost the opening set 6-4 to Alexander Shevchenko, who is currently ranked 96th