AI chip exports drive South Korea's above-forecast Q3 GDP growth of 1.0%
South Korea's Q3 GDP rose 1.0%, beating forecasts, on AI chip export strength, but private consumption fell for the first time in nearly four years.
August existing home sales hit 3.98 million, matching estimates, with a 2.0% fall from the prior month.
As interest rates continue to rise, the real estate sector enters its final stretch of the year without any relief. The housing market is on track for another weak year, and expectations for 2027 are not optimistic.
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South Korea's Q3 GDP rose 1.0%, beating forecasts, on AI chip export strength, but private consumption fell for the first time in nearly four years.
September industrial profits in China rose 14.4% y/y, rebounding from 4.2% in August; nine-month growth eased to 15.5%.
Moody's Analytics' Mark Zandi said a Fed hike this week would be a mistake, saying market yields already tighten and rate moves cannot fix oil shocks.
Westpac’s Luci Ellis says the RBA talks more but offers no rate guidance; data interpretation is the key signal.