Taiwan exports drop

TAIPEI: Taiwan’s exports in November posted their steepest year-on-year drop in more than six years as demand failed to recover due to a weak global economy, figures showed on Monday. Shipments last month fell 16.9 per cent from November 2014, the most since August 2009 when exports plunged 24.6 per cent, according to the Ministry of Finance. It was the 10th consecutive month of year-on-year declines. Exports of electronic products — which accounts for more than 30 per cent of all shipments — fell 11.5 per cent from a year earlier due to excess inventories in technology sector.