Taiwan

Taiwan stocks soar more than 6 per cent on improved ties with China

Taiwan stocks soar more than 6 per cent on improved ties with ChinaTaipei - Taiwan stocks surged more than 6 per cent Thursday after the central bank cut interest rates and on positive signs in Taiwan-China ties.

The benchmark TAIEX rose 277.12 points, or 6.29 per cent, to close at 4,683.64 after the central bank cut interest rates by 0.25 per cent, and due to positive signs in Taiwan-China ties.

Taiwan councillor indicted for inciting mob to attack Chinese envoy

Taipei - Taiwan prosecutors on Thursday requested a 14-month prison term for a city councilman after charging him with inciting a mob to attack a visiting Chinese official last week.

"Through radio broadcasting, the defendant Wang Ting-yu publicly incited the public to rally at the venue where Zhang Mingqing visited and led the mob in applying violence by pushing Zhang, resulting in Zhang being shoved to the ground and injured," prosecutor Lee Ching-wen said.

"For this, we are seeking a sentence of one year and two months in prison against the defendant," she said.

Taiwan stocks rise more than 6 per cent by mid-session

Taiwan Stock ExchangeTaipei - Taiwan stocks surged more than 6 per cent by mid-session Thursday after the central bank cut interest rates and on positive signs in Taiwan-China ties.

The benchmark TAIEX rose 266.31 points, or 6.04 per cent, to 4,672.83 in mid-morning trading after the central bank cut interest rates by
0.25 per cent, and due to positive signs in Taiwan-China ties.

Taiwan to send former vice president to APEC forum

Taipei - Taiwan announced Wednesday it will send former vice president Lien Chan to the November 22 leaders' summit of the Asia Pacific Economic Cooperation 
(APEC) forum.

The announcement was seen as a breakthrough in the island's relations with China, which for years has opposed allowing any prominent Taiwan leader to attend the event, observers said.

"President Ma Ying-jeou has appointed Mr Lien Chan as his representative to the leaders' summit," the Presidential Office said in a statement.

Lien, honorary chairman of the ruling Nationalist Party or Kuomintang (KMT), was vice president between 1996-2000, and the party's chairman between 2000 and 2005.

Taiwan army rejects lifting restrictions for cross-strait flights

Taipei - Taiwan's Defence Minister Chen Chao-ming Wednesday said the military opposes opening the restricted air zone to allow cross-strait flights, during the second round of Taiwan-China talks in Taipei to begin next Monday.

"The air space in Taiwan is very small, and it is absolutely impossible for us to allow cross-strait planes to fly through our R8 zone," General Chen said in a parliament session in Taipei.

The R8 zone is one of the military's five strategic flight zones off-limits to civilian aircraft. It is located near the median of the Taiwan Strait, which provides the shortest distance in flights between Taiwan and China.

Taiwan stocks close flat after early surge

Taiwan stocks close flat after early surgeTaipei - Taiwan sto

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