Taiwan Feb export orders miss forecast, China a big drag

TAIPEI: Taiwan’s export orders in February shrank for a sixth straight month, though at a slower pace, dragged down by China and as global demand continued to be squeezed by inflation and interest rate hikes.

The island’s export orders, a bellwether for global technology demand, fell 18.3% from a year earlier to $42.12 billion, the Ministry of Economic Affairs said on Monday.