BRIEF-Fitch Says Weakness In Tech Cycle Is Not Only Contributor To Word Trade Slowdown
- Country:
- United States
Fitch: * FITCH RATINGS: SEMI-CONDUCTOR SLUMP HIGHLIGHTS WORLD TRADE SLOWDOWN
* FITCH SAYS WEAKNESS IN TECH CYCLE IS NOT ONLY CONTRIBUTOR TO WORD TRADE SLOWDOWN * FITCH- SLUMP IN GLOBAL SEMICONDUCTOR SALES IN 2019 - DOWN MORE THAN 13% YOY IN 1H19 - HAS BEEN SHARPEST SINCE 2009
* FITCH- WEAKNESS IN GLOBAL SEMICONDUCTORS DEMAND HAS HAD NEGATIVE SPILLOVER EFFECTS IN AREAS WHERE SIGNIFICANT PART OF EXPORTS IS TECH RELATED, LIKE KOREA Source text for Eikon:
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