Taiwan News Morning Briefing - June 9
Taiwan News
2014-06-09 09:11 AM

Market & Commodity

Taiwan stock market (TWSE) opened up 19.47 points, or 0.21 percent, on Monday's session at 9,153.93, on turnover of NT$3.20 billion.

■ U.S. stocks closed higher on Friday after the U.S. government reported more healthy job growth in May. The Standard & Poor's 500 index notched its eighth record high in the last 10 trading days. The S&P 500 rose nine points, or 0.5 percent, to close at 1,949. The Dow Jones industrial average rose 88 points, or 0.5 percent, to 16,924. The Nasdaq composite increased 25 points, or 0.6 percent, to 4,321. The yield on the 10-year Treasury note was flat at 2.59 percent. (AP)

■ According to Taiwan Stock Exchange (TWSE) statistics, the TWSE weighted index closed at 9,134.46 points on June 6, winning 58.55 points on its May 30 close of 9,075.91 points, or approximated 0.65%. In terms of sector indices, the information service index gained the most at 4.74%, and the trading & consumer goods index lost the most ground at 3.29%. (Taiwan News)

World News

■ Clashes at Pakistan's largest and busiest airport left more than 20 people dead after militants armed with grenades stormed into a cargo area Sunday, according to CNN report.

■ Petro Poroshenko took the oath of office as Ukraine's president, assuming leadership of a country mired in a violent uprising and economic troubles. Poroshenko, who became a billionaire as a candy tycoon, was elected on May 25, three months after the pro-Russian president Viktor Yanukovych fled the country in the wake of months of street protests. (AP)

■ Reuters reported that an armed man and woman shouting about a "revolution" opened fire and killed two Las Vegas policemen who were eating lunch in a pizza parlor on Sunday, then fatally shot a civilian in a nearby Wal-Mart store before killing themselves, police said.

■ The World Bank and the International Monetary Fund are urging China to focus on controlling risks from rapidly rising debt due to its reliance on credit-fueled growth. (AP)

■ Tibetan filmmaker Dhondup Wangchen, who made a 2008 documentary about Tibetan nomads expressing discontent over China's rule, has been released from a Chinese prison after serving a six-year sentence for separatism, his production company says. (AP)

Local News

■ With news trickling out of the Taipei Prosecutor’s Office related to its investigation of bribery charges against Taoyuan County Deputy Magistrate Yeh Shih-wen that President Ma Ying-jeou and Premier Jiang Yi-huah had long known that Yeh may have been involved in corruption, Taoyuan County Magistrate Wu Chih-yang spoke up Saturday on rumors swirling around the incident. (Taiwan News)

■ Trains on the Taipei MRT Tamsui Line were delayed for a few minutes Sunday morning after passengers reported a strange smell as a train passed Shipai Station. A spokesperson for Taipei Rapid Transit Corporation said the Xiangshan-bound train was at Shipai Station at 10:34am. (Taiwan News)

■ On Saturday Huang Di-ying, spokesperson for the Democratic Progressive Party, came out in support of Tainan mayor William Lai's comments to Chinese scholars on Taiwan's position on independence. Huang said that Lai’s statements, which came during a symposium in Shanghai, were forthright and accurate and that as a citizen of a democratic society he believes has every right to express his opinion. (Taiwan News)

■ The ruling Kuomintang (KMT) dismissed Sunday a report that it would seek to replace the incumbent heads of Taoyuan County and Taichung City with new candidates ahead of year-end nationwide elections, calling the speculation baseless. (Taiwan News)

■ Beijing Saturday reiterated its opposition to Taiwanese independence but said it welcomes exchanges with people from all quarters of Taiwan -- provided they support pushing cross-strait ties forward. (CNA)

Taiwan remained the fourth-largest hub for financial transactions in the Chinese currency in April, though it could be surpassed by New York in the future, according to an index released by British banking group Standard Chartered Bank. (CNA)

■ Computex Taipei, Asia's largest computer show, closed Saturday after attracting a record number of international buyers and visitors, organizers said. The five-day computer trade show drew 38,662 buyers from 166 countries, 1 percent more than last year's show did (CNA)

■ The Army has completed its report on the April crash of an AH-64E Apache attack helicopter in northern Taiwan, the contents of which will be made public pending approval by the Ministry of National Defense, military officials said Sunday. The 12 remaining helicopters are scheduled to arrive in Taiwan later this year, the source said. (CNA)

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