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Taiwan’s exports see a rare miss in April

Lead — Taiwan's export growth decelerated to 39.0% year-on-year in April, falling short of market expectations, while imports also disappointed at 29.2% YoY. Per the full note from ing-think, this slowdown raises questions about the sustainability of Taiwan's export-driven recovery amidst rising global oil prices. The desk views this as a potential signal for caution among traders, especially given the lack of high-impact events on the calendar in the coming weeks.