South Korea exports to fall for fourth month but at a slower pace

SEOUL: South Korean exports likely shrunk for a fourth month but at a slower pace in June due to easing global virus lockdowns and more working days, yet a second wave of infection and Sino-U.S. tension were seen clouding near-term recovery, a poll showed on Monday.

Overseas sales were expected to decline 7.8% year-on-year, according to the median forecast in a Reuters poll of 12 economists. That compared with a 23.6% plunge in May and a 7.5% fall in preliminary data for the first 20 days of the month.