Taiwan's export orders fell for the fifth straight month in March, and at a...
TAIPEI - Taiwan’s export orders fell for the fifth straight month in March, and at a much sharper pace than expected, as the island’s manufacturers kept struggling with a drop in global tech demand.
For January-March, export orders slid 8.4 percent, the biggest annual drop for a first quarter since 2009 when they tumbled 30 percent, the ministry said. The ministry said the March shrinkage was also due to declining machinery orders due to business caution in China as the U.S-Sino trade dispute continues.
Carl Liu, an analyst at KGI Securities, said Taiwan export orders “are unlikely to return to growth until in June, thanks to re-stocking of electronics ahead of the peak season in the third quarter”.The ministry said it expects April export orders to decline 6.7-9.2 percent, and that it could be July before orders rebound.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Foxconn's Gou to 'follow order of sea goddess' in Taiwan vote; yet to declare presidential runFoxconn Chairman Terry Gou says will follow order of sea goddess to run for Taiwan’s 2020 presidential election via YimouLee
Read more »
Foxconn's Gou says will follow order of sea goddess to run for Taiwan presidencyTerry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will follow ...
Read more »
Head of Foxconn announces Taiwan presidential bidTerry Gou, Taiwan's richest person, will bring his pro-business and pro-China policies to what is expected to be a crowded field for next year's election.
Read more »
Morgan Stanley takes lemons, makes weak lemonadeJames Gorman’s bank took a hit from weak equities trading, as did rivals. Its advisory business fared worse than theirs, and fixed-income trading did only a little better. What helped was decent wealth-management profit, cost cuts, and comparison with the preceding poor quarter.
Read more »
Head of Foxconn announces Taiwan presidential bidTAIPEI, Taiwan (AP) — Terry Gou, the head of the world's largest electronics supplier, Foxconn, says he is planning to run for president of Taiwan. Gou announced Wednesday that he would be...
Read more »
Netflix drops on earnings report showing weak guidance, CMO retiresNetflix reported its first-quarter 2019 earnings after the bell as more media companies enter the streaming space.
Read more »
U.S. extends another large sale of military hardware, jet pilot training to TaiwanIf approved by the U.S. Congress, this package will enable Taiwan to upgrade older jets to fend off any attacks from the more militarily powerful China with a swift response, defense analysts say.
Read more »
Goldman Sachs expects weak earnings growth across all major markets in 2019Goldman Sachs expects weak earnings growth across all major markets in 2019, Goldman Sachs' chief global equity strategist Peter Oppenheimer told CNBC's Squawk Box.
Read more »
Japan exports hit by weak China demand, raising risk of economic contractionJapan's exports fell for a fourth straight month in March as China-bound sh...
Read more »
Foxconn's Gou says may run for Taiwan president, step back from daily businessFoxconn’s Chairman Terry Gou mulls Taiwan 2020 presidential bid; plans to withdraw from daily ops via YimouLee
Read more »
IBM quarterly revenue misses on weak mainframe computer businessInternational Business Machines Corp reported a bigger-than-expected drop in fir...
Read more »