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☆ Taiwan faces economic uncertainty as tensions with China are set to rise after DPP victory
▼ + stars: | 2024-01-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

watch nowAmundi warned a possible temporary economic blockade of Taiwan could alarm the markets. Political status quo, economic worriesChina has dismissed the outcome of Taiwan's elections, saying the DPP does not represent the mainstream public opinion. On Jan. 13, Taiwan delivered an unprecedented third presidential term to the ruling DPP's Lai, considered a China skeptic. Loss of legislature to temper DPP stanceThe DPP won the presidency, but it lost its majority in the the Legislative Yuan — Taiwan's parliament. Teneo's Wildau said Beijing was likely to continue refusing official dialogues with the DPP presidential administration, but could pursue conversations with KMT leaders.

Persons: Managment, Alicia Garcia Herrero, Nataxis, Gabriel Wildau, Teneo, Lai Ching, DPP's Lai, Wildau, Lai, Tsai, Mr Lai's, Yuan —, Yuan, Herrero, Teneo's Wildau Organizations: Bloomberg, Getty, Democratic Progressive Party, Taiwan, Asia, DPP, Economist Intelligence Unit, KMT, Taiwan People's Party Locations: Taipei, Taiwan, China, Beijing

☆ Analyst discusses key sectors to benefit from Taiwan's DPP win
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSemiconductor, renewable energy stocks will continue to shine in Taiwan after DPP victory: AnalystSebastian Hou, managing director and senior investment analyst at Neuberger Berman, discusses the key sectors to watch after Taiwanese ruling party DPP's Lai Ching-te wins the presidential election.

Persons: Sebastian Hou, Neuberger Berman, DPP's Lai Ching Organizations: Email Semiconductor Locations: Taiwan

☆ No hope of direct dialogue between China and Taiwan's DPP, says The Asia Group
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo hope of direct dialogue between China and Taiwan's DPP, says The Asia GroupGeorge Chen, managing director at The Asia Group, discusses Taiwanese ruling party DPP's Lai Ching-te's victory at the presidential election.

Persons: George Chen, DPP's Lai Ching Organizations: DPP, Asia, The Asia Group Locations: China

☆ Asia markets largely poised to fall after Taiwan elections; China GDP and Japan inflation in focus this week
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Yasuyoshi CHIBA / AFP) (Photo by YASUYOSHI CHIBA/AFP via Getty Images) Yasuyoshi Chiba | Afp | Getty ImagesAsia-Pacific markets are set to fall after Taiwanese voters handed the Democratic Progressive Party another presidential victory, delivering the ruling party an unprecedented third-straight presidential term. The DPP's Lai Ching-te, the incumbent vice-president, emerged as the winner of the self-governing island's presidential contest with more than 40% of the popular vote. Investors will be closely watching China's fourth quarter gross domestic numbers due out on Wednesday, while Japan will also release inflation figures for December on Friday. Futures contract in Chicago was at 35,635 and its counterpart in Osaka at 35,590, after the Nikkei hit levels not seen since February 1990 last week. In contrast, futures for Hong Kong's Hang Seng index stood at 16,306 pointing to a stronger open compared to the HSI's close of 16,244.58

Persons: Democratic Progressive Party's, Yasuyoshi CHIBA, YASUYOSHI CHIBA, Yasuyoshi Chiba, Lai Ching Organizations: Democratic Progressive, Getty, Afp, Democratic Progressive Party, Nikkei Locations: Taipei, AFP, Asia, Pacific, Japan, Australia, Chicago, Osaka

☆ China skeptic Lai Ching-te wins Taiwan's presidential election
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan's President-elect Lai Ching-te (left) gestures beside his running mate Hsiao Bi-khim during a rally outside the headquarters of the Democratic Progressive Party (DPP) in Taipei on January 13, 2024, after winning the presidential election. The outcome of the presidential election on Saturday riled Beijing, which has repeatedly labeled Lai as a "stubborn worker for Taiwan independence" and a dangerous separatist. Annabelle Chih | Getty Images News | Getty ImagesDPP's Lai — Taiwan's current vice-president — won more than 40% of the popular vote in Taiwan's eighth presidential election. DPP is the first party to win the presidential office three times in row since direct presidential elections were introduced in 1996. This year, 71.9% of all eligible voters cast their ballots for the presidential election, according to preliminary data from Taiwan's Central Election Commission.

Persons: Lai Ching, Hsiao Bi, Yasuyoshi Chiba, Lai, Tsai Ing, Tsai, Annabelle Chih, DPP's Lai, Taiwan's, —, Beijing's, Hou, Ko Wen, Chen Binhua, Chen, Xi Jinping, Antony Blinken, Ko, Wei, Ting Yen Organizations: Democratic Progressive Party, AFP, Getty, TAIPEI, Saturday, Beijing, Chinese Communist Party, DPP, KMT, Chinese Communist Party officials, Democratic Progressive, Kuomintang, Taiwan People's Party, Taiwan's, Taiwan Affairs Office, State Council, CNBC, Franklin, Marshall College, Taiwan's DPP Locations: Taipei, Taiwan, China, U.S, Taiwan Strait, Beijing, Taiwan —, Republic of China, Xinhua, United States

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

☆ 'Taiwan is China's Taiwan': Beijing says Taiwan's ruling party is not representative of popular opinion
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: 1 min

TAIPEI — China dismissed the outcome of Taiwan's Saturday elections, saying its ruling Democratic Progressive Party does not represent mainstream public opinion after it failed to win a majority in the presidential and legislative votes. "Taiwan is China's Taiwan," Chen Binhua, the spokesperson for the Taiwan Affairs Office of the State Council, said on Saturday after DPP's Lai Ching-te emerged as the winner of the self-governing island's presidential contest with more than 40% of the popular vote. "This election cannot change the basic pattern and the development of cross-Strait relations, nor can it change the common desire of compatriots on both sides of the Taiwan Strait to draw closer," Chen added, according to a CNBC translation of a report from Xinhua, the official state news agency.

Persons: Chen Binhua, DPP's Lai Ching, Chen Organizations: Democratic Progressive Party, Taiwan Affairs Office, State Council, CNBC Locations: TAIPEI, China, Taiwan, Xinhua

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

☆ Taiwan president: China too 'overwhelmed' to consider invasion
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Nov 30 (Reuters) - China's leadership is too "overwhelmed" with its internal problems to consider an invasion of Taiwan, President Tsai Ing-wen said in an interview with the New York Times. But Tsai, in a transcript of the interview her office published on Thursday, said China had too many issues at the moment. And my thought is that perhaps this is not a time for them to consider a major invasion of Taiwan," she said. Tsai and her government have repeatedly called for talks with China but been rebuffed, as Beijing views Tsai and the ruling Democratic Progressive Party (DPP) as separatists. The DPP's Lai Ching-te, currently vice president, is the frontrunner to be Taiwan's next president according to opinion polls.

Persons: Tsai Ing, Ann Wang, Tsai, Lai Ching, Lai, Hsiao Bi, Chen Binhua, Chiu Tai, Chiu, Ben Blanchard, Stephen Coates Organizations: REUTERS, Rights, New York Times, Democratic Progressive Party, Taiwan Affairs Office, Mainland Affairs Council, Thomson Locations: Taichung, Taiwan, Rights TAIPEI, China, Beijing, United States, Taipei, Lincoln

☆ Taiwan opposition rushes to register candidates after talks implode on live TV
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

The talks were brokered by the billionaire founder of major Apple supplier Foxconn (2317.TW), Terry Gou, who is running as an independent candidate. In one of the most dramatic moments, the KMT's presidential candidate, Hou Yu-ih, read a private text message from TPP candidate Ko Wen-je in which Ko said Gou needed to "find a reason" to drop out of the presidential race. Hou and Ko will on Friday morning go to the election commission to register their separate presidential runs, ahead of a 0930GMT registration deadline. Gou, who has trailed far behind in the polls, has not said whether he will also register. By contrast, a united DPP has been charging ahead in its election campaign, registering its presidential and vice presidential candidates on Tuesday.

Persons: Terry Gou, Ma Ying, Hou Yu, Eric Chu, Ko Wen, Ko, Hou, Gou, Lai Ching, Lai, Ben Blanchard, Roger Tung, Lincoln, Gerry Doyle Organizations: Taiwan People's Party, ih, Kuomintang, KMT, Democratic Progressive Party, Apple, Thomson Locations: Taiwan, TAIPEI, China

☆ Terry Gou, the founder of iPhone maker Foxconn, drops out of Taiwan's presidential election race
▼ + stars: | 2023-11-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Foxconn founder Terry Gou has withdrawn from Taiwan's presidential race. AdvertisementTerry Gou, the founder of Foxconn – Apple's main manufacturer of iPhones – has dropped out of Taiwan's presidential race. Taiwan's presidential race is closely watched because China claims the self-ruled island — a semiconductor powerhouse — as its own territory. The more opposition candidates there are, the more these votes could be split against the ruling party to ensure Lai's win. Other presidential candidates in the island's presidential race are DPP's Lai, KMT's Hou Yu-ih, and former Taipei mayor Ko Wen-je from the Taiwan People's Party.

Persons: Terry Gou, Gou, —, Foxconn, –, William Lai, Xi Jinping, Lai, Beijing wouldn't, Tammy Lai, KMT's Hou Yu, Ko Wen Organizations: Service, Democratic Progressive Party, Nvidia, Kuomintang, ih, Taiwan People's Party Locations: China, Taiwan, Beijing, Taipei

☆ Foxconn founder Terry Gou says he has reached Taiwan election bid threshold
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

[1/4] Foxconn founder Terry Gou shakes hands with his supporters at one of his signature campaign offices in New Taipei City, Taiwan September 20, 2023. REUTERS/Ann Wang/ File Photo Acquire Licensing RightsTAIPEI, Oct 6 (Reuters) - Terry Gou, the billionaire founder of major Apple supplier Foxconn (2317.TW), said on Friday he had already collected enough electorate signatures to qualify to stand as an independent in January's presidential election. "Your signatures are a responsibility for me, and your signatures are a spur and encouragement to me. Gou, who stepped down as Foxconn chief in 2019, must gather close to 300,000 voter signatures by Nov. 2 to qualify as an independent candidate, according election regulations. The Central Election Commission will review the signatures and announce the results by Nov. 14.

Persons: Terry Gou, Ann Wang, Gou, Democratic Progressive Party's, William Lai, Lai, Ben Blanchard, Toby Chopra Organizations: REUTERS, Rights, Apple, Democratic Progressive Party, Democratic Progressive, Kuomintang, Taiwan People's Party, Thomson Locations: New Taipei City, Taiwan, Rights TAIPEI, Ukraine, China, Banqiao, Taipei, Beijing

Beijing has staged multiple military drills around the island in recent years, drawing condemnation from the United States and its allies. Before he announced his bid to run on Monday, Gou earlier this year sought the candidacy for the opposition KMT, which advocates for friendlier relations with Beijing. The KMT has not disguised its anger at Gou's entry into the race for president, seeing his move as opening the way to a victory for the DPP's Lai by splitting the opposition vote. Most recent polls put the DPP's Lai on around 35-40% of the vote, around 10 percentage points clear of his closest rival. To qualify as an independent, he has to collect close to 300,000 voter signatures by Nov. 2, according to election regulations.

Persons: Foxconn, Terry Gou's, Gou, William Lai, Hou Yu, Hou, Eric Chu, Ko Wen, Ko's TPP, Lai, Ko, Chen Shui, Wang Ting, There's, Ben Blanchard, Yimou Lee, John Geddie, Michael Perry Organizations: Kuomintang, KMT, Democratic Progressive Party, Apple, DPP, New, ih, Taiwan People's Party, Reuters, Facebook, Thomson Locations: TAIPEI, China, Taipei, Beijing, United States, New Taipei City, Taiwan

TAIPEI, May 17 (Reuters) - Taiwan's main opposition Kuomintang (KMT) party will pick New Taipei City mayor Hou Yu-ih to be its presidential candidate in the election next year, a senior party source told Reuters on Wednesday, with China tensions set to top the election agenda. The KMT favours close ties with China while the ruling Democratic Progressive Party (DPP) champions Taiwan's separate identity. The senior party source said the KMT will announce Hou as the presidential candidate later on Wednesday. A second party source said Hou is widely expected within the party to become the candidate. He has vowed to defend the Republic of China, Taiwan's official name, if it was attacked.

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