Asia exports slip into deeper downturn as tech boom goes bust, warn lenders

Asia’s export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes published Tuesday.
 

The warnings from both lenders suggests the trade surge that powered Asia through the pandemic is at a turning point, matching signals that manufacturers have been sending through the year.

In a note titled: “Plop’ - What the latest electronics indicators signal for Asia,’ Frederic Neumann, chief Asia economist at HSBC warned that key indicators are showing a slump in new orders with demand for Asia made electronics clearly coming off the