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…
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