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Nikkei Markets

Singapore exports surprise, rise for first time in nine months

Poor showing by electronics fails to dent optimism

SINGAPORE (Nikkei Markets) -- Exports out of Singapore recorded the first rise in nine months in December, defying forecasts and reinforcing expectations of a modest recovery after a volatile year dominated by the U.S.-China trade war.

Although shipments of electronics continued to plunge, economists said the rollout of 5G telecom networks and new technologies such as the internet of things would support fresh demand.

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