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Nikkei Markets

Malaysia January exports shrink, Coronavirus clouds prospect

Shipments of key electrical, electronic items fall amid weaker China demand

KUALA LUMPUR (Nikkei Markets) -- Malaysia's exports fell in January after an unexpected rebound in the previous month, and a widespread coronavirus outbreak clouds prospects of any immediate pick-up in its shipments.

Exports fell 1.5% to 84.08 billion ringgit ($20.06 billion) in January from a year earlier, dragged down by lower shipments of key electrical and electronics products, and chemicals products amid weakening demand from China, government data showed. The latest reading compares with December's 2.7% year-on-year gain.

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