global slowdown continues pic.twitter.com/p21gJIJaWK
— Alastair Williamson (@StockBoardAsset) May 2, 2019
Key takeaways of Asia manu PMIs:
a) Regional stabilization but growth remains weak
b) Korea out of contraction but barely just
c) Vietnam expands & gains from tariffs & cost arbitrage
d) Taiwan weak still & India Philippines & Malaysia slow.So worst is over but very L-shapy 😬 pic.twitter.com/WJn2G50kC7
— Trinh (@Trinhnomics) May 2, 2019
what the heck is happening here?!!? pic.twitter.com/W0f6MgXZeF
— Alastair Williamson (@StockBoardAsset) May 1, 2019
Korea Exports fell -2%, Exports of ships +53.6%
Semiconductor exports fell -13.5% YoY which feel 16.7% (March) and -24.8% (February)
Weak demand from China remains the key driver.
Exports to China, -4.5% YoY, Exports to Japan -8.2% YoY in April, pic.twitter.com/6U06JZwwQY— Real Vision Research (@RVAnalysis) May 2, 2019
Global Semiconductor sales -13.5% YoY (March)
Korea Semi exports -13% (April)
MSCI Semiconductor & Semiconductor Equipment Index +7.80%
The 2nd chart is Dram prices which shows no uptick
with volumes and prices falling there remains a big divergence between stocks and top line pic.twitter.com/YSm2ehiVSP— Real Vision Research (@RVAnalysis) May 2, 2019
Germany Manufacturing PMI#GreenShoots pic.twitter.com/d6oGQ9irSd
— Eric Basmajian (@EPBResearch) May 2, 2019
commodities and energy are plunging pic.twitter.com/SG64SvMhuP
— Alastair Williamson (@StockBoardAsset) May 2, 2019