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South Korea exports hit July record despite US tariff pressures
South Korea exports hit July record despite US tariff pressures
by  AFP

South Korea's exports surged to their highest level ever for a July, fuelled by strong overseas demand for semiconductors and automobiles, despite US tariffs weighing on trade, government data showed Friday. Semiconductors, South Korea's main export, recorded more than $14 billion -- the highest-ever for July, increasing by almost a third from the previous year.

Stocks struggle as Trump unveils new tariff sweep offsets earnings
Stocks struggle as Trump unveils new tariff sweep offsets earnings
by  AFP

Asian markets mostly fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants. The tariff uncertainty overshadowed earnings from major tech titans this week that saw Apple on Thursday post double-digit quarterly revenue growth that beat expectations.

US tech titan earnings rise on AI as economy roils
US tech titan earnings rise on AI as economy roils
by  AFP

Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs. - Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year as the social media giant continues investing heavily in artificial intelligence.

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