Taiwan overseas orders likely declined due to weak China demand

Taiwan is scheduled to release May export orders data on 23 June. 

The export orders is likely to have declined 5.8% y/y, which posted 4.0% decline in April, estimates Standard Chartered. Tech orders likely remained in positive territory, supported by steady global demand for the latest mobile technology. 

The  slowdown in China's economy will continue to be a major cause for decline in export order, although the US' recovery should be supportive in H2-2015", said Standard Chartered in a report on Monday. The overseas orders for non-tech goods (such as rubber, chemicals, and petroleum) were likely affected by weaker oil and commodity prices.