Asian exports rebound on broad demand recovery

Goldman with the note:

Bottom line:

Exports in three Asian economies of which trade data are released early (mainland China, Korea and Taiwan) rebounded 3.6% mom sa in August in nominal USD terms, each above respective consensus expectations. Sequential gains were led by a strong turnaround in non-tech exports, helped by robust demand globally, especially in DMs. Imports also gained above expectations to 2.3% mom sa and the trade balance moderated slightly.

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