The Trader 

Market Outlook: Taiwan shock in local elections

The Trader

On Saturday, the independence-leaning party of President Tsai Ing-wen, the Democratic Progressive Party, suffered a crushing defeat. The vote was seen as an early referendum on the path currently taken as mainland China puts the island state under increasing pressure. Shortly after the results came in the President resigned as head of the party though she will remain as President, CNBC reports.

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