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Asia-Pacific markets traded mixed on Wednesday with Australia's S&P/ASX 200 reaching an all-time high, while an increase in business optimism among large Japanese manufacturers lifted Japanese stocks. Japan's Nikkei 225 declined 0.43% to close at 41,097.69, while the Topix rose 0.37% to end at 2,915.21. The Taiwan Weighted Index fell 0.77% after a report cited U.S. Republican presidential candidate Donald Trump saying that Taiwan should pay the U.S. for defense. I think, Taiwan should pay us for defense," Trump said in interview with Bloomberg Businessweek in June that was published on Tuesday. On a month-on-month basis, Singapore's non-oil domestic unexpectedly dropped 0.4%, compared with a expectations of a 4.1% growth.

Persons: Australia's, Donald Trump, Trump, Cho Jung, TSMC, Georges Elhedery, Elhedery, Noel Quinn Organizations: Reuters, U.S ., Nikkei, Northern Star Resources, Bellevue, Mining, Newmont Corporation, CSI, Republican, Bloomberg Businessweek, Taiwan, HSBC Holdings, Hong Locations: Asia, Pacific, Gold, Taiwan, Hong Kong

☆ Taiwan Cabinet Submits Customary Post-Election Resignation
▼ + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

TAIPEI (Reuters) - Taiwan's ministerial Cabinet submitted its customary post-election joint resignation on Thursday, but is widely expected to be asked by President Tsai Ing-wen to stay on in a caretaker role until May when the new president takes power. The ruling Democratic Progressive Party (DPP) won Saturday's presidential election, but lost its majority in parliament. Taiwan Premier Chen Chien-jen had said on Tuesday that the Cabinet would resign in accordance with past constitutional practice before the new parliament meets next month after the DPP lost it legislative majority. Taiwan media has reported Tsai will ask the Cabinet to stay on in a caretaker role until Vice President Lai Ching-te, who won the presidency, assumes his new role on May 20 and appoints his own Cabinet. Tsai was not able to run again for the presidency in accordance with Taiwan's constitution after two terms in office.

Persons: Tsai Ing, Taiwan Premier Chen Chien, jen, Tsai, Lai Ching, Ben Blanchard, Muralikumar Anantharaman Organizations: Democratic Progressive Party, Taiwan Locations: TAIPEI, Taiwan Premier, Taiwan

☆ In election year, Taiwan's national day becomes polarising celebration
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

Former Taiwan President Ma Ying-jeou speaks to guests as he attends an event at Asia Society in New York, U.S. March 1, 2017. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsTAIPEI, Oct 2 (Reuters) - Former Taiwan President Ma Ying-jeou said on Monday he would boycott official celebrations for the island's national day this year after accusing the government of turning it into an overt attempt at pushing independence ahead of an election. Taiwan celebrates Oct. 10 as its national day, marking an uprising in 1911 that ended China's last imperial dynasty and ushered in the Republic of China. Taiwan Premier Chen Chien-jen, a DPP member himself, dismissed Ma's criticism, saying Ma had attended festivities previously when the English translation was Taiwan National Day. Taiwan's president, Tsai Ing-wen, will give a major speech on national day, and there will also be a military parade in front of the presidential office.

Persons: Ma Ying, Eduardo Munoz, jeou, China's, Mao Zedong's, Hou Yu, Ma, William Lai, Taiwan Premier Chen Chien, Chen, Tsai Ing, Tsai, Lai, Ben Blanchard, Gerry Doyle Organizations: Taiwan, Asia Society, REUTERS, Rights, Facebook, Kuomintang, KMT, Democratic Progressive Party, ih, Thomson Locations: New York, U.S, Rights TAIPEI, Taiwan, China, Republic of China, People's Republic of China, The Republic of China, Taiwan Premier, Beijing

☆ Taiwan sees no Chinese military response to VP's US trip
▼ + stars: | 2023-08-15 | by ( Yimou Lee | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File PhotoTAIPEI, Aug 15 (Reuters) - Taiwan's defence ministry said on Tuesday it has not seen large-scale exercises or any other action by the Chinese military near the island after China condemned a brief U.S. visit by Taiwan Vice President William Lai. When asked at a press conference about Chinese military activity in response to Lai's trip, defence ministry spokesperson Sun Li-fang, said it was the responsibility of the armed forces to track any Chinese activities near Taiwan. However, Taiwan had not seen any "relatively large-scale" drills or actions by China's military, he said. Beijing has launched almost daily military incursions into Taiwan's air defence zone in recent years seeking to pressure Taipei to accept Chinese sovereignty. Both Taiwan and the United States are aiming for Lai's U.S. stop-overs to be as low-key as possible, saying that such transits are routine.

Persons: Dado Ruvic, William Lai, Lai, Sun Li, Sun, Su, Tsai Ing, Kevin McCarthy, Taiwan Premier Chen Chien, jen, Chen, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Taiwan, Lai's U.S, U.S, Chinese Communist Party, Thomson Locations: TAIPEI, China, U.S, William Lai . China, Paraguay, Taiwan, Beijing, Taipei, San Francisco, California, United States, New York, Taiwan Premier, Lai's

☆ Senior U.S. envoy to travel to Honduras as it considers China ties
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +3 min

TEGUCIGALPA, March 16 (Reuters) - A high-ranking envoy of President Joe Biden will travel to Panama and Honduras this month, the U.S. Department of State said on Thursday, days after Taiwan ally Honduras said it would establish formal diplomatic ties with China. "China has been suppressing Taiwan's diplomacy, so it will invest funds related to specific countries in order to block Taiwan's diplomatic development," he said. "Therefore, we very much hope that Honduras can recognize the true nature of China and hope they maintain diplomatic relations and not be deceived." While the United States has no formal diplomatic ties with Taiwan, it is Taiwan's most important international backer and arms supplier. China says Taiwan is one of its provinces with no right to state-to-state ties, a view the democratically elected government in Taipei strongly rejects.

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