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No Clear Sign That Worst Is Over for Global Trade, Asian Data Shows

  • South Korea report shows exports falling more than 20% again
  • Japanese factory PMI keeps sliding as export drop deepens
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Asian Governments Are Seeking to Reopen Their Economies Gradually

Asian data laid bare the extent of damage to global trade with no clear sign that the worst is over even as the world takes tentative steps toward reopening.

An early trade report from South Korea, a bellwether for global commerce, showed exports may be set to drop more than 20% in May for a second month. Meanwhile, Japan’s overseas shipments also plunged by more than a fifth in April and a purchasing managers index showed manufacturing activity weakening further in May.