Flux Markets | China exports surge 19%, Korea and Saudi GDP beat forecasts, markets steady after selloff. Skip to main content

China exports surge 19%, Korea and Saudi GDP beat forecasts, markets steady after selloff.

China exports surge 19%, Korea and Saudi GDP beat forecasts, oil eases on Iran peace talk, markets steady after selloff.
Published: June 9, 2026
Written by:
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
Reviewed by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong

China’s K-shaped economy continued to deepen...

Chinese exports up 19.4% y/y in May, above expected 15%. Exports remain largely dependent on Asian neighbours, though shipments to the US increased over 35% - partly due to the post-tariff base effect last year. The PBoC net injected over CNY 152 billion via OMO today, via 7-day reverse repos. (Chart 1 BBG)

 

Korean Q1 GDP growth revised up in final estimate, up 1.8% q/q vs previous contraction of 0.1%. Saudi Arabia Q1 GDP also outperformed expectations, rising 3% y/y against expected 2.8%, though messy due to US-Iran war.

Trump continues to claim progress towards peace deal with Iran, Brent crude futures down to low-$90s range around low point during war and since mid-April ceasefire announcement. Equities found some support since Friday’s steep selloff, with S&P 500 Emini futures up 0.4% this morning (chart 2 BBG). Treasuries also steadied, with 10-year yield around 4.55%, off recent highs.

Data today: NFPs, India Q1 GDP

Written by

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett

More News

Brent meets resistance above $90/bbl despite attacks on Saudi oil infrastructure

Saudi Arabia says it intercepted several drones from Iranian-backed militias in Iraq, targeting its oil infrastructure.....
27 July 2026

Super-92

Eastern structure strengthens on geopolitical escalations; EBOB weakens with physical barges similarly bearish, E/W up from -$15 to -$6.50
14 page report
27 July 2026

Brent gaps down as US-Iran pause attacks over the weekend

This drop in futures prices comes as US President Donald Trump has paused attacks on Iran for a second night in a row for talks...
27 July 2026

Peak and Fade

Hormuz spike fades as positioning turns bearish
17 page report
27 July 2026