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Article: Asia's electronics sector shows signs of recovery.(Main Business)
- Article from:
- Manila Bulletin
- Article date:
- May 9, 2009
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BANGKOK (dpa) – Among Asia's export-driven economies, the electronics sector, which generally accounts for 30 to 50 per cent of their exports, has offered the most glaring example of the region's economic coupling with the US market.Not surprisingly, as the US sub-prime crisis hit in September and October last year, orders for Asia's electronics - a broad category of semi-conductor-based components and consumer goods that covers everything from computers to mobile phones - tanked.''People got caught with a lot of inventory and collapsing demand so the reaction was to stop ordering,'' CLSA Securities head of research Andrew Stotz said in Bangkok.New orders stopped, ...