Economy

Economy: Singapore’s non-oil domestic exports fell 4.8% y/y in Sep vs estimates of 5.8% decline, dragged by lower shipments of electronics (-6.6%) and petrochemicals (-6.5%).Among the top export markets, Indonesia (-16.1%), Malaysia (-12.3%) and Japan (-11.3%) were worst hit, while EU (+9.9%) recovered and HK was robust (+21.7%). Exports to US (-7.2%) and China (-2.2%) were still on the decline.