South Korea's 20-day exports, seen as a canary in the coal mine for the global economy, dropped 5%. Exports to China and Japan fell by more than 10%.
South Korean exports, seen as a bellwether for global trade, fell nearly 5%in the first 20 days of March.Shipments of microchips, oil products, and telecoms devices were all down." for the world economy, slumped 4.9% year-on-year to $28 billion in the first 20 days of March.
The nation's 20-day exports shrunk 11.7% in February, and there could be worse to come."Leading indicators suggest the floor is not yet in sight," Beamish said.
Singapore Latest News, Singapore Headlines
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