Market news
04.08.2022, 03:45

Taiwan's ruling party DPP slams Chinese military drills

Taiwan's ruling party, the Democratic Progressive Party (DPP), condemned Chinese military drills, saying that they have triggered regional tensions and are illegitimate.

“China is conducting drills on busiest international waterways, aviation routes and that is an irresponsible unilateral behavior,” the ruling party said.

Meanwhile, Taiwan’s Foreign Ministry thanked G7 countries for supporting peace and stability in the Into-Pacific region.

Additional quotes

China is trying to change the status quo in the strait.

Other countries should not use Pelosi's visit as an excuse to engage in provocative behaviour.

Will raise alertness on cyber-attacks, prepared to respond to future attacks.

The country’s Cabinet Spokesman was also reported, as expressing the most serious condemnation over Chinese drills around Taiwan.

“Continuous cyber-attacks on gov units have not caused damage so far,” he added.

Market reaction

The risk-on tone seems to have cooled down a bit in Thursday’s Asian trading, with the S&P 500 futures back in the red.

AUD/USD is off the highs, trading around 0.6950, still up 0.14% on the day as of writing.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location