Korea trade and CPI (Oct):Export growth slows,but reflecting payback for previous surge

Exports growth decelerated in October, but mainly due to paybackfrom the frontloading in September and fewer working days duringthe month

    Averaging September and October numbers suggest that exportmomentum remained stable, led by strong demand forsemiconductors

    The BoK is likely to hike in November, as 2H17is likely to postabove-trend growth despite substantial slowing in the currentquarter