TaiwanBIZZ

Taiwanese Defense Minister Chiu Kuo-cheng said a task force has been set up to closely watch the Hamas-Israel war, and he stressed the importance of intelligence work.

Taiwan is closely watching the war in the Middle East sparked by the unprecedented attack on Israel by Hamas militants from Gaza for lessons amid what the self-governing island says is a campaign of intimidation and threats by China.

China's People's Liberation Army has registered its protest at the transit of a U.S. Navy aircraft through the Taiwan Strait. The U.S. Navy's patrol and surveillance aircraft P-8 Poseidon travelled through the strait separating the island and mainland China on October 12, the Navy's Japan-based Seventh Fleet said on Thursday.

China said on Thursday it had sent fighter jets to monitor and warn a U.S. Navy patrol aircraft that flew through the Taiwan Strait.China claims sovereignty over democratically-governed Taiwan, and says it has jurisdiction over the narrow waterway.

A Taiwanese minister on Thursday urged the European Union to make "effective" progress on talks on a long-stalled investment deal, as the bloc courts closer links to major chipmakers based on the tech powerhouse island,

Taiwan was waiting for a decision by the U.S. government on whether Taiwanese chipmakers will be allowed a waiver extension to supply U.S. chip equipment to their factories in China, Economy Minister Wang Mei-hua said on Thursday.

Since 2018, Taiwan’s onshore ETF assets have grown more than eight-fold from NT$333bn ($10.3bn) to NT$3.21tn in August, according to Securities Investment Trust & Consulting Association data, with local giants such as Yuanta Funds and Cathay Securities Investment Trust among the biggest beneficiaries.