Asia Exports Slip Into Deeper Downturn as Tech Boom Goes ‘Plop’

Asia’s export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes published Tuesday.

The warnings from both lenders suggests the trade surge that powered Asia through the pandemic is at a turning point, matching signals that manufacturers have been sending through the year.