Taiwan Financial News

AFP. China said it welcomed Nauru's decision to cut ties with Taiwan.

The 20 million people voting in Taiwan are being k... moreThe 20 million people voting in Taiwan are being keenly watched from across the strait.

By Tom Westbrook and Ankur Banerjee

Taiwan told China on Sunday to «face reality» and respect its election result, after voters defied Beijing's warnings and chose pro-sovereignty candidate Lai Ching-te as its President. Voters spurned Beijing's repeated calls not to vote for Lai, delivering a comfortable victory for a man China's ruling Communist Party sees as a dangerous separatist. Beijing responded to Lai's victory by saying it would not change the «inevitable trend of China's reunification».

China's top diplomat warned Sunday that any steps towards Taiwan's independence would be «harshly punished», after the self-ruled island defied Beijing's warnings and chose pro-sovereignty candidate Lai Ching-te as president. Voters on the island spurned Beijing's repeated calls not to vote for Lai, delivering a comfortable victory for a man China's ruling Communist Party sees as a dangerous separatist.

By Yimou Lee, Sarah Wu and James Pomfret

By Steve Holland, Nandita Bose and Trevor Hunnicutt

Vice President Lai Ching-te won the presidency on Saturday, the third consecutive term for his ruling Democratic Progressive Party (DPP), but the party lost its parliamentary majority, complicating Lai's spending plans and any intent to take an aggressive stance on China. China, which claims Taiwan as its territory, had called Lai a separatist and «troublemaker through and through», but took a gentler tone after the election, not mentioning him by name and saying the results revealed the DPP «cannot represent the mainstream public opinion» on Taiwan. Analysts expect Taiwan's stock market to take a hit this week as the spectre of policy paralysis fuels selling in a market that is up 25% in little more than a year. Yet the outcome is also a relief for investors who had feared the hawkish Lai would push for Taiwan's formal independence, something he has denied. Investors have worried about a hostile reaction from China and a chain reaction of sanctions that could cripple the global semiconductor industry. «I would imagine the reaction is negative.

China which has repeatedly denounced him as a dangerous separatist. 1. The Chinese Foreign Ministry reaffirmed its claim to the breakaway territory as part of its own in its first official response to the presidential elections in neighbouring Taiwan.

Lai Ching-te was quoted as saying by CNN. While speaking to the media persons ahead of his victory speech on Saturday night, Lai added, "In the future, we hope that China will recognize the new situation, and understand that only peace benefits both sides of the strait." "We are telling the international community that between democracy and authoritarianism, we still stand on the side of democracy," the President-elect said further. While addressing thousands of supporters at a rally after coasting to a win in the Presidential elections, Lai said Taiwan managed to stay on the world map through the conduct of the polls.

Taiwan elections 2024: Lai Ching-te, candidate of the ruling Democratic Progressive Party's (DPP), won the Taiwan election held on Saturday, January 13. Both China and the United States reacted sharply to the latest polls as the DPP secured unprecedented third consecutive term in the nation. Taiwan's election took place at a time of growing geopolitical tensions between Beijing and Washington.

China said "reunification" with Taiwan remained "inevitable" after president-elect Lai Ching-te won Saturday's pivotal election on the self-ruled island that Beijing claims as its own. Lai, branded by China as a threat to peace, won an unprecedented third consecutive term for Taiwan's ruling Democratic Progressive Party (DPP) after he pitched himself as the defender of the island's democratic way of life.

Taiwan's ruling party, won an election on Saturday that China had framed as a choice between war and peace. The candidate for Taiwan's main opposition party the Kuomintang (KMT), Hou Yu-ih, conceded defeat in the election.

By Yimou Lee and Ben Blanchard

Taiwanese are preparing to elect a new president and legislature Saturday in what many see as a test of control with China which claims the self-governing island republic as its own

TAIPEI (Reuters) — The plight of Tibet has become less discussed internationally but repression continues and China is applying what it did there to other regions, a former head of the Tibetan government-in-exile said on Saturday.

China's Weibo social media platform blocked a hashtag on Taiwan's election Saturday after it became one of the site's top-trending topics following polls opening on the self-ruled island. «In accordance with relevant laws, regulations and policies, the content of this topic is not displayed,» a notice on the website showed when the hashtag "Taiwan election" was searched for at around 9:45 am local time (0145 GMT).

Taiwan presidential election after it became one of the site's top-trending topics following polls opening on the self-ruled island, AFP reported. When the hashtag ‘Taiwan election’ was searched for at around 9.45 am local time, a notice on the website showed, "In accordance with relevant laws, regulations, and policies, the content of this topic is not displayed," a notice on the website showed when the hashtag." Millions of Taiwanese are voting in a presidential election following threats from China that choosing the wrong leader could set the stage for war on the self-ruled island.

U.S. Secretary of State Antony Blinken on Friday raised concerns over China's human rights issues in a meeting with senior Chinese official Liu Jianchao in Washington, the State Department said, adding they also discussed «maintaining peace and stability» in the Taiwan Strait. WHY IT IS IMPORTANT

information technology shares as investors judged the third-quarter earnings of sector leaders-TCS and Infosys-weren't as adverse as expected. The optimism inspired markets to overlook the escalating tensions in the Red Sea, which caused a jump in oil prices to $80 a barrel, and a hotter US consumer inflation report in December. The BSE Sensex gained 847.27 points, or 1.2%, to close at 72,568.45, off the record high of 72,720.96.

Taiwan, with over nineteen million people, of which one million are first-time voters, registered to cast their ballots across almost 18,000 polling stations in the island country. The voters will receive three ballots -- a presidential ballot, a regional or aboriginal legislator ballot, and a ballot for a political party that will determine legislator-at-large seats. Taiwanese voters will be choosing a successor to Tsai Ing-wen, the nation's first female president, who cannot seek re-election due to term limits after winning in 2016 and 2020.