The election results indicate that the DPP will have to work with other major parties, including the more China-friendly Kuomintang, on policy. The Taiex stock benchmark gained as much as 0.7% before paring, while the local dollar fell.
Taiwan’s stocks posted modest gains while its currency weakened as investors digested the weekend’s election results, with the potential for legislative gridlock and continued cross-strait tensions tempering sentiment. The ruling Democratic Progressive Party won the presidency but lost its legislative majority, suggesting it will have to work with other major…
(Bloomberg) The ruling Democratic Progressive Party’s victory in Taiwan’s presidential election Saturday removes key uncertainties for local markets, analysts said, noting China’s muted response and the prospect of major parties having to cooperate on policy.Most Read from BloombergApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteUS Economy Set for Another Cash Boost If Congress Backs Tax DealTaiwan Elects US-Friendly P
Taiwan Election Result to Force Compromise in Boost for Markets bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Taiwan’s stocks posted modest gains while its currency weakened as investors digested the weekend’s election results, with the potential for legislative gridlock and continued cross-strait tensions tempering sentiment. Most Read from BloombergTrump Scores Easy Win in Iowa With DeSantis a Distant SecondUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaIowa Latest: Biden Calls Trump ‘Clear Frontrunner’ After WinWhat Is Disease X? How Scientists Are Preparing for the Next Pa