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Taiwan News Morning Briefing – April 1

Taiwan News Morning Briefing – April 1

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 50.89 points or 0.53% lower to 9,535.55 on Wednesday, with turnover reaching NT$2.64 billion. (Taiwan News) ■ The U.S. stock market closed out the first three months of the year Tuesday on a down note, erasing much of the gains from the prior day's big rally. The Dow fell 200.19 points, or 1.1 percent, to 17,776.12. The S&P 500 index slid 18.35 points, or 0.9 percent, to 2,067.89. The Nasdaq composite lost 46.56 points, or 0.9 percent, to 4,900.88. (AP) World News ■ Japan is not planning to join the China-led Asian Infrastructure Investment Bank, its government spokesman says, while Taiwan announces it will apply for membership, joining dozens of countries in signing up to an initiative opposed by Washington. (AP) ■ Japan plans to extend its sanctions against North Korea for two more years when they expire April 13 after failing to get promised updates on an investigation into kidnappings of Japanese citizens decades ago. (AP) ■ China is "creating a great wall of sand" through land reclamation in the South China Sea, causing serious concerns about its territorial intentions, the commander of the U.S. Pacific Fleet says. (AP) ■ Myanmar's government and 16 ethnic armed groups agree on a draft nationwide cease-fire agreement aimed at ending decades of civil unrest. But fighting continues between the army and small rebel groups along the northern border. (AP) ■ Thailand's military-installed prime minister says he plans to lift martial law 10 months after staging a coup, but will invoke a special security measure that critics say is more draconian. (AP) Local News ■ The Ministry of Foreign Affairs sent out Taiwan’s letter of intent to join the Asian Infrastructure Investment Bank at 7 p.m. Tuesday, Foreign Minister David Lin said. Former Vice President Vincent Siew told China’s President Xi Jinping at the Boao Forum for Asia last Saturday that, just like about 40 other nations, Taiwan was interested in joining the bank. (Taiwan News) ■ According to a survey from John Tung Foundation, there are about 200 thousand college students feeling depressed, especially senior students, who are facing the upcoming graduation, worrying about the future life-planning. (Taiwan News) ■ Former Interior Minister Lee Hong-yuan called on the Kuomintang Tuesday to hurry up with the selection of its presidential candidate, though he stayed aloof when asked about his own possible role. (Taiwan News) ■ United Microelectronics Corporation honorary chairman John Hsuan and talk show commentator Chang Yu-hua were questioned for a second time Tuesday by prosecutors about allegations that Ting Hsin International paid off-the-book funds to President Ma Ying-jeou. (Taiwan News) ■ Taipei Mayor Ko Wen-je told reporters from several Chinese media Tuesday that he is receptive to the idea of "One China" in response to questions about the concept and the ideas behind the 1992 Consensus. Actually no one in the world thinks there are "two Chinas," said Ko, therefore “One China” is not a problem. (Taiwan News) ■ Lawmakers decided Tuesday that Taiwan should directly apply for membership with the Asian Infrastructure Investment Bank itself instead of going through the Chinese government after allegations that President Ma Ying-jeou had decided Taiwan should join without consulting the Cabinet. (Taiwan News) ■ A strike at a Taiwan-invested plant in Vietnam is expected to come to an end after the Vietnamese authorities responded Tuesday to workers' anger about a proposed revision of the social insurance law. (CNA)


Updated : 2021-09-23 18:14 GMT+08:00