Taiwan export orders to inch just a tad higher

The expected 2% rise is far worse than China's imports by market export growth.

According to DBS, export orders (September) will be closely watched today. It could help to judge whether the surge in September exports was a one-off phenomenon or a start of an improving trend.

Here's more from DBS:

The monthly volatility in export orders growth is lower than that in exports growth, as the orders data are less affected by seasonal and working day factors (compared to the shipment data).

Consensus currently expects a modest 2% (YoY) rise in September export orders, far lower than China's imports by market export growth of 10.4% in the same month.

Indeed, we suspect that there were one-off factors behind the surge in September exports. The rise in exports to ASEAN was mainly driven by stronger demand for mineral products.

The increase in exports to Japan has far deviated from the weak results in Japan’s trade and production data of late.