Exports from Asia slip into a deeper downturn
Asia’s export boom is showing signs of slipping into a deeper-than-expected downturn, HSBC Holdings PLC and Nomura Holdings Inc said in research notes published yesterday. The warnings from the lenders suggest the trade surge that powered Asia through the COVID-19 pandemic is at a turning point, matching signals that manufacturers have been sending through the year. In a note titled: “’Plop — What the latest electronics indicators signal for Asia,” HSBC chief Asia economist Frederic Neumann said that key indicators are showing a slump in new orders, with demand for Asia-made electron...