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Taiwan News Morning Briefing – February 2

Taiwan's Tseng Chun-hsin came out on top of the prestigious Petits As de Tarbes in France Sunday, becoming the first Asian to win the title in its 33-...
The output value of Taiwan's mobile game industry could increase by 70 percent this year as the market continues to grow, a manager with the Taipei Co...

Taiwan's Tseng Chun-hsin came out on top of the prestigious Petits As de Tarbes in France Sunday, becoming the first Asian to win the title in its 33-...

The output value of Taiwan's mobile game industry could increase by 70 percent this year as the market continues to grow, a manager with the Taipei Co...

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 8.81 points higher to 9,370.72 on Monday, with turnover reaching NT$1.94 billion. (Taiwan News) ■ U.S. stocks ended a turbulent Friday trading session with big losses, as selling on Wall Street accelerated in the final hour after investors digested the downbeat gross domestic product data. The Dow Jones industrial average dropped 251.90 points, or 1.5 percent, to close at 17,164.95. The S&P 500 index lost 26.26 points, or 1.3 percent, to 1,994.99. The Nasdaq composite fell 48.17 points, or 1 percent, to 4,635.24. (AP) World News ■ Japan and other nations have condemned with outrage and horror the beheading purportedly by the Islamic State group of Kenji Goto, a journalist who sought through his coverage of Syria to convey the plight of refugees, children and other victims of war. (AP) ■ The Islamic State group acknowledges for the first time that its fighters have been defeated in the Syrian town of Kobani and vows to attack the town again. An Associated Press video from inside the town shows widespread destruction, streets littered with debris and abandoned neighborhoods. (AP) ■ A gauge of China's manufacturing activity fell to a 28-month low in January amid economic slowdown, according to official data, although January typically is a month of slower activities as China's factories prepare for the upcoming Lunar New Year celebrations. (AP) ■ African leaders have agreed to send 7,500 troops to fight the Boko Haram insurgency in northeast Nigeria, an African Union official said. The move came after the council urged heads of state to endorse the deployment of troops from five West African countries to fight the terror group. (AP) ■ President Barack Obama's fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday, according to a report by Reuters. Local News ■ In an interview with United States-based Foreign Policy magazine, Taipei City Mayor Ko Wen-je said Singapore was an example because of its long colonization and promised he would not run in next year’s presidential elections. (Taiwan News) ■ Kaohsiung Mayor Chen Chu is taking an unscheduled break from her duties overseeing southern Taiwan’s largest city as she battles a minor bout with the flu. Chen entered the hospital January 29 on the orders of her doctor and has begun to show improvement with medicine and lots of warm water. (Taiwan News) ■ Heavyweights from both the Green and Blue camps ventured south over the weekend to campaign on behalf of candidates in the by-elections for the Legislative Yuan on Saturday, February 7. The DPP is confident they will be about to build on their success in last November’s 9-in-1 elections and consolidate their gains with even more wins. (Taiwan News) ■ Aides for former president Lee Teng-hui disclosed Sunday that Lee will address the Legislative Yuan Monday on the topic of constitutional reform. As the title of his speech implies, Lee will speak out strongly in favor of conducting a campaign to amend the Constitution, laying out his ideas under the theme of “Constitutional reform is the only way for Taiwan.” (Taiwan News) ■ Tainan City Mayor William Lai on Saturday repeated an earlier statement he would not enter the race for the Democratic Progressive Party nomination for next January’s presidential election, despite a claim to the contrary from a veteran opposition activist. (Taiwan News) ■ The number of visitors to the annual Taipei Game Show that concluded Sunday broke the 430,000 mark, a 13-year high for the five-day event, thanks in part to final competitions in e-sports on the final day. (CNA) ■ The Aviation Police Bureau and Taipei Customs announced Sunday that they have intercepted nearly 2.5 kilograms of heroin in luggage belonging to a suspect entering Taiwan from Thailand. (CNA) ■ As attention turns to the 2016 presidential election now just one year away, the ruling Kuomintang (KMT) seems not to be in a hurry to pick a candidate, even as the opposition Democratic Progressive Party (DPP) rushes to kick off the candidate selection process before the Lunar New Year holiday on Feb. 18. (CNA)


Updated : 2021-09-24 07:18 GMT+08:00