News Snapshot:
(Bloomberg) -- Taiwan’s export orders fell in April for the first time since 2020 as Covid lockdowns in China weighed on production capacity for major Taiwanese companies. Orders dropped 5.5% from a year earlier, a far worse outcome than the 11% gain expected by economists surveyed by Bloomberg. It was the first drop in orders since February 2020, when the pandemic began, and the worst drop since January 2020, when orders fell 12.8% on year. The Taiwanese government warned a few weeks ago that export order growth would likely slow to between 1% and 3.8% in April, but Friday’s figures...
