Exports down 1.7 pct during first 10 days of Oct.

South Korea's exports fell 1.7 percent on-year in the first 10 days of October, data showed Wednesday.

Outbound shipments reached US$11.59 billion in the Oct. 1-10 period, compared with $11.79 billion tallied a year earlier, according to the data from the Korea Customs Service.

Exports fell for the 12th month in a row in September on aggressive monetary tightening by the United States and other major economies and a global economic slowdown.

The government expected a turnaround in exports as early as October as global demand for South Korean semiconductors has shown signs of recovering and has vowed all-out efforts to support exporters.

Source: Yonhap News Agency

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