TAIWAN OCTOBER EXPORT ORDERS BEAT FORECASTS ON AI, CHINA DEMAND REMAINS SOFT

Taiwan export orders maintained strong momentum going into the final quarter by beating expectations for October, as the island benefits from demand for artificial intelligence (AI) technology, though also grappling with softness from China.

Export orders rose 4.9% last month to $55.45 billion from a year earlier, the economy ministry said on Wednesday. That topped both the 3.6% gain forecast in a Reuters poll and September's expansion of 4.6%, and marked the eighth straight month of growth.

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