South Korea
June Taiwanese export orders surprised to the upside, but weakness in non-tech trade and in broader East Asian exports underscores the narrowness of the global recovery. Orders rose 24.6% y/y, accelerating from 18.5% in May, though m/m US-bound orders fell…
In this chartbook, we look at the balance of payments across DM and EM countries. The US does not fare well, but neither do a few other countries.
The latest data on Asian exports and manufacturing suggest that the global trade outlook remains downbeat. Korean exports in USD terms grew in June by 4.3% y/y. The three-month moving average is 2.2%. Assuming Q2 export shipments were boosted by frontloading…
East Asian trade data has been disappointing. Preliminary February data for Japanese machine tool orders showed a slowdown to 3.5% y/y from 4.7% in January. Broader machinery orders were down 3.5% m/m in January. Taiwanese exports orders were up an abnormal…
East Asian trade data was mixed in December and January. Taiwanese export orders for December were stronger than expected, rebounding to 20.8% y/y from 3.3% in November. On the other hand, Korean exports for the first 20 days of January fell 5.1% y/y, after…
Please join Chief Geopolitical/US Political Strategist, Matt Gertken, with special guest, Rodger Baker, Executive Director of Stratfor Center for Applied Geopolitics for a Webcast, Tuesday, December 10 at 2:00 PM EST, (7:00 PM GST, 8:00 PM CET).
South Korea is undergoing political turmoil, with President Yoon attempting to declare martial law. The situation is fluid and can change quickly, but there are a few investment takeaways. As we pointed a few weeks back, BCA expects geopolitical tensions…
The global political system is destabilizing and the US will turn more hawkish in foreign policy, trade policy, or both, regardless of the election outcome. Tactically go long the dollar.
The recent slump in globally- and tech-sensitive East Asian trade shows no respite, with advanced October Korean exports and September Taiwanese export orders data disappointing. Korean exports for the first 20 days of October dropped 2.9% year-over-year…
Export dynamics from small open economies are a good bellwether for global growth conditions. Taiwan export orders accelerated from 4.8% y/y to a faster-than-anticipated 9.1% in August. The faster pace of growth was also broad-based among the country’s…