Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP
Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP

Coronavirus: evidence of demand shock wave to China’s economy piles up, as South Korean exports collapse

  • South Korean exports plunged 46.3 per cent in the first 10 days of May, sparking fears that a second hit to China’s economy is on the way
  • Cancelled ship sailings, plunging metals exports and diverging air and sea freight rates all paint an ominous picture for the future of China’s economy

Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP
Eyebrows around Asia will be raised by a 41 per cent drop in South Korea’s exports to the United States and a 36 per cent drop in shipments to the European Union. Photo: AFP
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