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Taiwan News Morning Briefing – June 24

Taiwan News Morning Briefing – June 24

Market & Commodity ■ The Taiwan Stock Exchange (TWSE) main index opened 2.45 points higher to 9,393.59 Wednesday, with turnover reaching NT$1.27 billion. (Taiwan News) World News ■ North Korea's Supreme Court sentences two South Koreans to life in prison with hard labor after finding them guilty of spying for Seoul. (AP) ■ A tiny military exercise in the Philippines this week may presage something much bigger: the entry of Japan into the tussle for control of the South China Sea. Heckled by local residents opposed to the presence of U.S. bases, Prime Minister Shinzo Abe joins about 5,000 people including the U.S. ambassador in a memorial service marking the 70th anniversary of the Battle of Okinawa, one of the bloodiest conflicts of World War II. (AP) ■ The heir of the Samsung business empire bows deeply in apology as criticism mounts over a Samsung hospital's role in spreading Middle East respiratory syndrome in South Korea. (AP) ■ The United States begins annual security talks with China, and an official says it plans to raise directly the breach of a federal government server that resulted in the theft of personnel and security clearance records of millions of employees and contractors. (AP) ■ Chinese factory activity showed signs of stabilization but remained weak overall in June as it contracted for a fourth straight month, leaving the door open for further stimulus. (AP) Local News ■ Taiwan announced Tuesday it would take part in next month’s Summer Universiade in the South Korean city of Gwangju despite the threat of Middle East Respiratory-Coronavirus which has hit the country. (Taiwan News) ■ Kuomintang presidential contender Hung Hsiu-chu rejected allegations Tuesday that her diploma from the University of Missouri was a fake. (Taiwan News) ■ Democratic Progressive Party top lawmaker Ker Chien-ming testified in court Tuesday that Taipei City Mayor Ko Wen-je must have misunderstood comments he made about donations by tycoon Terry Gou. Talk show host Clara Chou alleged that Gou, the founder and chairman of Hon Hai Precision Industry Co., Ltd., gave NT$300 million (US$9.7 million) to the campaign of Kuomintang Taipei City mayoral candidate Sean Lien last year. As a result, Gou sued her, demanding NT$10 million (US$324,000) in compensation and public apologies in the media. (Taiwan News) ■ Taiwan's export orders registered a 22-month low in May, amounting to US$35.79 billion, down 5.9 percent year on year. Statistics released by the Ministry of Economic Affairs Tuesday indicated that the amount of export orders had shrunk for two consecutive months, the biggest since April 2013. (Taiwan News) ■ Swiss brokerage firm UBS Securities said Tuesday that it remains optimistic about the business outlook for Taiwan's leading component suppliers and industrial PC makers, thanks to new handset designs and the rise of big data. (CNA) ■ The European Union has described Taiwan as having a good human rights situation and domestic policies to implement international standards, but it said support for the death penalty remains a problem, according to an annual report released by the EU Monday. (CNA)


Updated : 2021-05-07 22:10 GMT+08:00