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.
Separately, US Navy said that carrier USS Ronald Reagan and her strike group are underway in the Philippine Sea continuing normal and scheduled operations
“USS operation is routine patrol in support of a free and open Indo-Pacific,” the US Navy reported.
China’s state media reported that the Chinese military reportedly began drills around Taiwan island. The exercises include live firing on the waters and in the airspace.
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.