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☆ 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

☆ Taiwan raises concerns about situation 'getting out of hand' with China drills
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +3 min

China, which views democratically governed Taiwan as its own territory, has in recent years carried out many such drills around the island, seeking to assert its sovereignty claims and pressure Taipei. Warships from China's southern and eastern theatre commands have been operating together off Taiwan's east coast, he added. China has not commented about the drills around Taiwan, and its defence ministry has not responded to requests for comment. Ministry spokesman Sun Li-fang added that China's Eastern Theatre Command forces were the "attacking force", simulating a battle scenario. China normally performs large-scale exercises from July to September, Taiwan's defence ministry has said.

Persons: Tingshu Wang, Chiu Kuo, cheng, Chiu, Sun Li, Ben Blanchard, Roger Tung, Shri Navaratnam Organizations: Air Force, Eastern Theatre Command, Liberation Army, PLA, REUTERS, Rights, Taiwan Defence, Thomson Locations: Taiwan, Beijing, China, Rights TAIPEI, Shandong, Taipei

☆ Taiwan Raises Concerns About Situation 'Getting Out of Hand' With China Drills
▼ + stars: | 2023-09-22 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

China, which views democratically governed Taiwan as its own territory, has in recent years carried out many such drills around the island, seeking to assert its sovereignty claims and pressure Taipei. Warships from China's southern and eastern theatre commands have been operating together off Taiwan's east coast, he added. China has not commented about the drills around Taiwan, and its defence ministry has not responded to requests for comment. But China has increasingly been flexing its muscles off Taiwan's east coast, and generally displaying its ability to operate much further away from China's own coastline. China normally performs large-scale exercises from July to September, Taiwan's defence ministry has said.

Persons: Chiu Kuo, cheng, Chiu, Sun Li, Ben Blanchard, Roger Tung, Shri Navaratnam Organizations: Taiwan Defence, Eastern Theatre Command Locations: TAIPEI, Taiwan, Shandong, China, Taipei

TAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. "Foreign investors have recently trimmed their holdings. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?" "Taiwan's supply chain is very strong.

Persons: Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: TAIPEI, Taiwan, China, Asia, Japan, Singapore, New York, Boston

A man wearing a face mask passes in front of screens showing trading data while using an escalator outside Taiwan Stock Exchange in Taipei, Taiwan March 20, 2023. REUTERS/Annabelle Chih/File Photo Acquire Licensing RightsTAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. Taiwan Stock Exchange Chairman Sherman Lin said in an interview this was a natural plateau after a rally rather than a sign that foreign funds are fleeing the market. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?"

Persons: Annabelle Chih, Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, REUTERS, Rights, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Asia, Japan, Singapore, New York, Boston

REUTERS/Jason Lee/File PhotoTAIPEI, July 14 (Reuters) - China's military has been flexing its muscles this week around Taiwan practicing joint force operations far out at sea, ahead of Taipei holding its annual war games at the end of the month when Taiwan will simulate breaking a Chinese blockade. Chieh Chung, a military researcher at Taiwan's National Policy Foundation think tank, said practicing long-distance missions was important for China as they would be the "main combat mode" in any conflict. "They are expanding military deterrence actions to create a cognitive effect that Taiwan's national defences are useless," the official said. China routinely denounces U.S. military activity in the strait as provocation. "The Eastern Theatre Command are well seasoned, but it's the Southern Theatre Command that needs training for long-distance support," Su said.

Persons: Jason Lee, Chieh Chung, Han Kuang, Tsai Ing, Kevin McCarthy, Xi Jinping, Su Tzu, yun, Su, Yimou Lee, Roger Tung, Yew Lun Tian, Ben Blanchard, Robert Birsel Organizations: Chinese Air Force, REUTERS, Foundation, Taiwan, House, Eastern Theatre Command, U.S . Navy, Institute for National Defence and Security Research, Southern Theatre Command, Thomson Locations: Beijing, TAIPEI, Taiwan, Taipei, China, Philippines, Japan, Borneo, Los Angeles

☆ TSMC does not expect direct production impact from China's metal export curbs
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, July 6 (Reuters) - Taiwan's TSMC (2330.TW), the world's largest contract chipmaker, said on Thursday it does not expect any direct impact on its production from China's decision to restrict exports of two metals widely used in semiconductors and electric vehicles. That followed the U.S. decision to impose export restrictions to curb China's access to key technologies used for artificial intelligence. "After evaluation, we do not expect the export restrictions on raw materials gallium and germanium will have any direct impact on TSMC's production," Taiwan Semiconductor Manufacturing Co said in an emailed statement. China's restrictions will have a very limited impact on the company's short-term procurement and wafer production and delivery, WIN added. Visual Photonics Epitaxy said it had noticed little effect so far from China's export restrictions.

Persons: TSMC, chipmaker, Janet Yellen's, Yellen, Liao Chien, Ben Blanchard, Roger Tung, Tom Hogue, Jamie Freed Organizations: Apple, Nvidia, Taiwan Semiconductor Manufacturing, Treasury, Capital Securities Corp, WIN Semiconductors, Reuters, WIN, Visual Photonics, Photonics, Thomson Locations: TAIPEI, Beijing, U.S, Taiwan, Taipei, China, Germany, Japan

☆ Taiwan sees less severe China reaction to president's U.S. meeting
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File PhotoTAIPEI, March 30 (Reuters) - Taiwan expects a less severe reaction from China to an expected meeting between President Tsai Ing-wen and U.S. House Speaker Kevin McCarthy and has not seen any unusual Chinese military movements, a senior Taiwan security official said on Thursday. Speaking at parliament, Taiwan National Security Bureau Director-General Tsai Ming-yen said they expected a less severe reaction to that meeting than when then-House Speaker Nancy Pelosi came to Taipei and China staged war games around Taiwan after she left. "She will be meeting in the United States, so the political complexity is not as high as the speaker coming to Taiwan." But Taiwan has been keeping a close watch on China's military movements, said Tsai, adding: "At present there is nothing unusual". China is also hosting several senior foreign officials and leaders while President Tsai is away, meaning the timing would not be right for a strong military reaction against Taiwan, Tsai said.

☆ Taiwan says sees no signs of PLA deployment before president's US trip
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

China, which views Taiwan as its own territory, staged war games around the island last August following a trip to Taipei by then U.S.-House Speaker Nancy Pelosi. On her way back to Taiwan, she will transit through Los Angeles, where she is likely to meet current House Speaker Kevin McCarthy. Taking lawmakers' questions in parliament, Taiwan deputy defence minister Po Horng-huei said China has three to four warships operating around Taiwan every day, which has already become a "new normal". If there are any changes in China's military deployment, Taiwan must be prepared for the worst-case scenario, he said. "So far there is no sign of any special military deployment," Po added.

☆ Taiwan warns of China military's 'sudden entry' close to island
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, March 6 (Reuters) - Taiwan Defence Minister Chiu Kuo-cheng warned on Monday the island has to be on alert this year for Chinese military's "sudden entry" into areas close to its territory amid the rising military tensions across the sensitive Taiwan Strait. China has stepped up its military activities around Taiwan in recent years, including almost daily Air Force incursions into the island's air defence identification zone. He said the PLA might make a "sudden entry" into Taiwan's contiguous zone and get close to its territorial space, which the island defines as 12 nautical miles from its coastlines. Taiwan has vowed to exercise its right to self-defence and counterattack if Chinese armed forces entered its territory. China claims self-governed Taiwan as its own and has not renounced the use of force to bring the island under Chinese control, if needed.

The decision came after the U.S. Federal Reserve raised interest rates by an expected 50 basis points on Wednesday and said it would deliver more interest rate hikes next year even as the economy slips towards a possible recession. Taiwan's central bank, at its quarterly monetary policy meeting, raised the benchmark discount rate (TWINTR=ECI) by 12.5 basis points to 1.75%, in line with economists' expectations in a Reuters poll. Governor Yang Chin-long said that, while the bank was still tightening monetary policy, the direction this time was "mild" given the lack of another reserve requirement rise. "For next year's monetary policy, we will focus on stabilising prices," he told reporters. The central bank again cut its 2022 estimate for gross domestic product growth, to 2.91% from its previous forecast of 3.51% in September.

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