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Calling Korea the "canary in the coalmine" because it releases export data earliest and has a...

Calling Korea the "canary in the coalmine" because it releases export data earliest and has a high correlation to the rest of Asia, Goldman takes note of April's plunge (-16.7%) in exports to Europe (U.S. +5.6%). Overall daily nonship exports - "a better proxy for current global demand" - were flat M/M.
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