Business
Fuel costs remained a major source of price pressure during the month. Petroleum product prices climbed 14.2% from a year earlier, though the increase slowed from July. Diesel prices jumped 19.6%, while gasoline prices rose 11.5%. Petroleum products added 0.54 percentage point to annual consumer price growth. South Korea relies heavily on imported energy, leaving domestic fuel costs sensitive to changes in global energy markets.
Korea’s August exports jump 68.7% to $98.25 billion as Asia’s fourth-largest economy extends its trade expansion streak for a 15th consecutive month. Semiconductor exports, the primary driver of national trade performance, soared 209% year-on-year to an all-time high of $46.65 billion. Energy and chemical sectors also contributed to monthly top-line gains. Petroleum product exports climbed 65.3% year-on-year to $6.84 billion, while petrochemical exports advanced 12.2% to $3.86 billion. Geographically, outbound deliveries to major trading partners demonstrated broad-based expansion.
The Ministry of Statistics and Programme Implementation put real gross domestic product at ₹81.36 lakh crore for the quarter. That compared with ₹75.46 lakh crore in the same period a year earlier. Nominal GDP reached ₹88.27 lakh crore, up 10.3% from ₹80 lakh crore. Real gross value added, another measure of economic activity, increased 8.2% to ₹73.82 lakh crore. Nominal GVA rose 11.5% to ₹80.53 lakh crore.
Japanese stocks came under sharp pressure Monday as the Nikkei 225 dropped nearly 2% in early trading. The benchmark fell 1.97% to 65,096.63 and later touched an intraday low of 64,832.10. Technology shares led much of the decline as investors reacted to higher bond yields and tighter interest rate expectations. The broader Topix also weakened early, falling 0.84% to 4,111.71. Japanese government bond yields rose at the same time, adding pressure to rate sensitive parts of the equity market.
The Ministry of Investment and Downstreaming and the Ministry of Youth and Sports in Indonesia have signed a memorandum of understanding to develop investment in the national sports sector. The agreement covers risk-based business licensing and investment development across sports-related activities, aiming to tap into the global sports industry worth about US$521 billion. The framework, part of Government Regulation No. 28 of 2025, streamlines licensing procedures for companies operating in sports and other related industries.
Brent futures rose 27 cents, or 0.3%, to $92.44 a barrel by 0330 GMT. U.S. West Texas Intermediate gained 37 cents, or 0.4%, to $85.38. The rebound followed Monday’s sharp pullback, which ended six consecutive sessions of gains across the two benchmark crude contracts.
Health
Health Minister Roger Kamba confirmed that the government initiated the immunization campaign utilizing doses of the Ervebo vaccine to safeguard frontline personnel operating across impacted eastern provinces.
Sports
Messi said he reached the decision after extensive consideration following Argentina’s 2026 World Cup final against Spain. He wrote his retirement message on July 21, two days after the final in New Jersey. Messi later said the death of his father, Jorge Messi, in August reinforced his decision to publish the message. He described leaving the national team as painful while stressing the pride he felt representing Argentina. Messi also thanked teammates, coaches, family members and supporters who accompanied him throughout his international career.
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