In a bold display of military might, China initiated extensive drills encircling Taiwan on May 23, a clear signal to the newly inaugurated Taiwanese president, Lai Ching-te. The exercises, involving China s army, navy, air force, and rocket force, were described as a rehearsal for sea and air patrols, battlefield control, and precision strikes.
Equities trade tentatively ahead of US PPI & Fed Chair Powell; GBP softer post-Pill - Newsquawk US Market Open
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Compal to be first Taiwan-based downstream electronics maker headed by foreigner
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Mobile Exports: Smartphone production for local consumption was up 8% year-on-year in the January to February period, with over 30 million units produced during the period, said Singh. He added that with exports combined, smartphone production jumped to 10-12% in the same period, driven by heavy exports from Apple.
Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers. "The only headroom for growth right now is by increasing exports from India," said Prachir Singh, senior analyst, Counterpoint Research.