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Singaporean Non-Oil Exports YoY (Feb) Y/Y 4.0% vs Exp. 4.9% (Prev. 9.3%, Rev. 9.2%)

The Singaporean non-oil exports for February came in at 4.0% YoY, which is below expectations of 4.9% and significantly down from the previous 9.3%.

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PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai Precision Industry (2317 TT) Q4 (TWD) net fell 2% Y/Y to 45.21bln, rev. rose 22% Y/Y to 2.61tln; FY net rose 24% Y/Y to a record 189.35bln, rev. rose 18% Y/Y to a record 8.10tln

Singaporean Non-Oil Exports YoY (Feb) Y/Y 4.0% vs Exp. 4.9% (Prev. 9.3%, Rev. 9.2%)

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This miss could suggest a cooling in demand, potentially impacting GDP growth forecasts and putting pressure on the SGD, as markets might reassess the growth-inflation balance in the region.

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