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Taiwan News Morning Briefing - May 26
Taiwan News
2014-05-26 09:18 AM

Market & Commodity

■ Taiwan stock market (TWSE) opened up 32.27 points, or 0.36 percent, on Monday's session at 9040.49, on turnover of NT$2.19 billion.

■ The Standard & Poor's 500 index closed above 1,900 for the first time on Friday. The S&P 500 gained eight points, or 0.4 percent, to close at 1,900 Friday. That's three points above the index's previous all-time high close 10 days ago. It's up 2.8 percent for the year. The Dow Jones industrial average rose 63 points, or 0.4 percent, to 16,606. The Nasdaq composite added 31 points, or 0.8 percent, to 4,185. The yield on the 10-year Treasury note fell to 2.53 percent. (AP)

World News

■ Hundreds of protesters in the Thai capital are defying the junta's warning against anti-coup demonstrations with a rally in the central shopping district that's being closely watched by troops. Earlier Sunday, Thailand's top general who staged last week's coup, Prayuth Chan-ocha, told people to avoid rallies, saying normal democratic principles cannot be applied at this time.(AP)

■ A U.S. man who posted a YouTube video calmly describing how he planned to gun down young women went on a rampage shortly afterward, stabbing three people to death in his apartment before fatally shooting three others elsewhere in his beach community and crashing his BWM with a fatal gunshot to the head, authorities said.Sheriff's officials on Saturday identified the gunman as Elliot Rodger, 22, the son of a Hollywood director. (AP)

■ Billionaire Petro Poroshenko declared victory Sunday in Ukraine's presidential election, following preliminary exit polls that suggested he got 56% of the vote. His closest challenger, former Ukrainian prime minister and leader of the Batkivshchyna party Yulia Tymoshenko, conceded the election after exit polls showed her with 13% of the vote. However, Pro-Russian insurgents have prevented at least half of the election districts in the embattled east of the country to prepare for Sunday's presidential election with armed men. (AP)

■ An earthquake beneath the sea shook northern Greece and western Turkey Saturday, with more than two dozen injuries reported on a Turkish island. (AP)

■ Google is already getting requests to block links that someone might find embarrassing in Europe thanks to a new, popular ruling that says the search giant has to provide this service. (AP)

Local News

Tsai Ing-wen took back the chair of the DPP Sunday, easily outpointing Kaohsiung County Deputy Magistrate Kuo Tai-lin to assume the party’s leadership mantle once again after ceding the post to Su Tseng-chang four years ago. Tsai said Saturday that the election for party officials and representatives was a chance to help restore faith in the party among the people of Taiwan. (Taiwan News)

■ Taipei police are keeping a close watch on Cheng Chieh at the Taipei Detention Center, where the accused killer of four passengers on Taipei’s MRT is being held after his arrest Wednesday at Jiangzicui MRT Station in Banqiao. The New Taipei City District Prosecutors Office has announced that it is holding off on an indictment of Cheng until it has received autopsy reports on the four victims who died in the stabbing spree last week. They are expected to move quickly on the case after the autopsy results are in hand and say that they will specifically ask for the death penalty for Cheng, probably soon after the Dragonboat Festival which falls this year on Monday, June 2. (Taiwan News)

■ Taipei City Mayor Hau Lung-bin put flowers at Jiangzicui Mass Rapid Transit Station in New Taipei City Saturday to pay tribute to the four victims of Wednesday’s stabbing. (Taiwan News)

■ President Ma Ying-jeou said during a recent interview with a local magazine that he still sees the Asia-Pacific Economic Cooperation (APEC) meeting this year as the best opportunity for a potential meeting with Chinese President Xi Jinping. (CNA)

■ Rescuers have discovered the remains of a Taiwanese tourist who went missing after the tour bus on which he was traveling plunged into a river in southern China's Fujian Province Friday, the Taiwan Strait Tourism Association said Sunday. (CNA)

■ Taiwan's struggling computer manufacturer Acer Inc. will open an experience center for its Build Your Own Cloud (BYOC) business on May 29 in Taoyuan County in northern Taiwan to showcase its cloud computing solutions. (CNA)

■ Taiwan will hold a one-on-one purchase meeting for international telecom operators during Computex, Asia's largest computer trade show, the organizers said Saturday. (CNA)

■ The Vietnamese government is assessing the amount of losses suffered by Taiwan-invested companies in recent anti-China riots in the Southeast Asian country before coming up with a compensation figure for them, Deputy Economics Minister Shen Jong-chin said Saturday. (CNA)

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