Asia Exports Rise on Semiconductor Demand Despite US Tariffs Impact

Asia's demand, particularly from China and semiconductor sectors, has boosted exports in Japan and South Korea despite ongoing U.S. tariffs. Japan's exports have rebounded for the first time in four months, providing an early economic boost for Prime Minister Takaichi, while South Korea's shipments rose nearly 10% year-over-year in early October, driven by semiconductor demand. Meanwhile, U.S. President Trump has intensified tariff pressure on Chinese imports, demanding concessions on issues like soybean purchases and fentanyl control, although his leverage appears limited given China's resilient economy. China's GDP growth slowed to 4.8% in the third quarter amid trade tensions, but its exports remain strong as Chinese firms redirect sales to other global markets. These dynamics underscore the complex interplay between U.S. tariff policies and Asian economic resilience, with Asian markets responding positively despite the tariff-induced challenges. The ongoing trade tensions continue to shape regional trade flows and economic prospects.