BEIJING (Reuters) -China's property sector contracted further in August, with falls in home prices, investment and sales, official data showed on Friday, as a mortgage boycott, widespread COVID lockdowns and a weak economy clouded confidence in the sector.

South Korea's unemployment rate fell to a record low in August, while employed people increased for an 18th straight month, government data showed on Friday.

China's new home prices fell in August at the fastest pace since November 2021 as its property sector was plagued by weak demand, a mortgage boycott and strict COVID-19 restrictions.

(Reuters) -FedEx Corp said on Thursday its fiscal first-quarter results were hit by global volume softness that accelerated at the end of the period, and withdrew its financial forecast as it expects business conditions to worsen in the second quarter.

(Reuters) -FedEx Corp on Thursday withdrew the financial forecast it issued just three months ago, saying a global demand slowdown accelerated at the end of August and was on pace to worsen in the November quarter.

(Reuters) -FedEx Corp on Thursday said its fiscal first-quarter results were hit by a global volume softness that accelerated at the end of the period, and withdrew its financial forecast, saying it expected further deterioration of business conditions in the fiscal second quarter.