Taiwan's exports surge in October

Taiwan's exports increased at the fastest pace in more than two years as overseas markets showed solid demand for electronic products ahead of year-end shopping season.

The island's financial authority said on Monday that exports jumped 9.4 percent in October from a year ago and 18.6 percent from a month ago to 26.8 billion U.S. dollars.

The authority attributed the rise to strong overseas demand for semiconductor products, extended working days in October and delayed shipments due to September's typhoon.

In the first ten months, exports declined 4.5 percent from the same period a year ago to 229 billion U.S. dollars.

In October, imports rose 19.5 percent from a year ago and 23 percent from a month ago to 22.4 billion U.S. dollars.

It was the biggest increase since February 2013.

In the first ten months, imports fell 4.7 percent from the same period a year ago to 189 billion U.S. dollars. Endi