Stories from Taiwan

Taiwan Semiconductor Manufacturing Company ADR fell 3.1 percent during early US market trading. The drop occurred during early morning US market trading amid a broader slump in US tech stocks. TSMC ADR fell by 12.64 USD, representing a 3.4 percent decrease.

Kuomintang (KMT) Chairperson Cheng Li-wen stated in a media interview that the party opposes a 1.25 trillion TWD military procurement special act. The Kuomintang (KMT) party launched an emergency multi-level mobilization on the evening before a leadership transition. The Kuomintang (KMT) has launched an emergency mobilization to defend its stance on a 380 billion TWD military procurement budget.

Internal documents from OpenAI have raised concerns regarding the company's ability to recover profits. This development has led to questions about the sustainability of the AI growth narrative.

The Financial Supervisory Commission has released results for its Fintech 2.0 phase.

Liang Wenjie, spokesperson for the Taiwan Mainland Affairs Council, stated that the People's Republic of China perceives Taiwan as having no president. The spokesperson noted that Taiwanese authorities are using this situation to persuade domestic opposition.

Hsu had previously announced his withdrawal from the party in 2024, but later claimed his membership was canceled without following proper political party procedures.

The announcement follows his formal inauguration. The news was reported following the transition of leadership within the commission. Yu Ying-long has formally taken office as the Chairperson of the Central Election Commission.

A traditional Chinese medicine shop was damaged by a typhoon, causing a medicine cabinet to collapse. A victim named Du Laosan was pinned by medicine cabinets and suffered severe injuries and loss of consciousness. The shop owner reported that the structure failed while they were attempting to secure valuable medicines. The owner was preparing to move precious items from a medicine cabinet when the collapse occurred. The incident followed typhoon Danlu on Monday night. A shop owner's father sustained serious injuries and remains unconscious after being pinned by a falling medicine cabinet. Hu Shan-ye and his son, Hu Da-cheng, at a clinic. The owner expressed a willingness to sell the land where the shop was located.

Taiwanese President William Lai stated that Beijing's grey zone operations are increasing daily. He addressed Coast Guard officers regarding the rise in irregular tactics intended to exhaust Taiwan's naval and air force capabilities.

Taiwanese naval and air forces have been placed on alert following the sighting of two Chinese warships operating near the border. The development comes as right-wing forces reportedly steer security policy toward a new military offensive posture. This shift follows Japan's recent easing of lethal weapon export restrictions and increased military spending. A Chinese Lei-class destroyer passed through the Taiwan Strait to participate in military exercises alongside two other warships. The exercise involved the United States and the Philippines. China's Eastern Theater Command responded by conducting patrols as a combat readiness warning. The Chinese Ministry of Foreign Affairs and Ministry of Defense issued joint condemnations of the activity.