Fri, 10 Jul 2020

SEOUL -- South Korea's export dropped in double digits in May as global demand weakened amid the COVID-19 outbreak across the world, a government report showed Monday.

Export, which accounts for about half of the export-driven economy, amounted to 34.86 billion U.S. dollars in May, down 23.7 percent from a year earlier, according to the country's Ministry of Trade, Industry and Energy. (S. Korea-Export-Drop)

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TOKYO -- Tokyo stocks advanced Monday morning, as the market mood was lifted by eased coronavirus-linked restrictions for businesses in the capital as Japan takes further steps towards reviving its economy.

The 225-issue Nikkei Stock Average gained 257.86 points, or 1.18 percent, from Friday at 22,135.75. (Japan-Tokyo Stocks-Morning)

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BEIRUT -- U.S. Ambassador to Lebanon Dorothy Shea announced on Sunday that the United States plans to impose new sanctions against Hezbollah and possibly against supporters of the group, OTV local TV channel reported.

"New sanctions will be put in place starting June 1," Shea said in a televised interview. (US-Lebanon-Sanctions)

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MANILA -- The Philippine Stock Exchange (PSE) will reopen its trading floor on Monday following the easing of coronavirus lockdown restrictions in the capital Manila.

The PSE trading floor has been closed since March 19 after Philippine President Rodrigo Duterte placed Metro Manila under lockdown to halt the spread of COVID-19. (Philippine-Stock Exchange-Reopen)

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