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Tai-Ex opening
The Tai-Ex opened up 113-points this morning from yesterday's close, at 44,851 on turnover of $9.9-billion N-T.
Shares in Taiwan came under pressure Tuesday, falling below 44,000 points at one point, before rebounding in the last 90 minutes of the session to cap the
losses.
But while most non-tech stocks were also in the doldrums, the petrochemical sector outperformed the market on a spike in international crude oil prices amid renewed unease in the Middle East, which could boost product prices.
Heat and Afternoon Thunderstorms Over Next Few Days
Forecasters are warning of intense heat and severe afternoon thunderstorms across Taiwan over the next several days.
The Central Weather Administration today issued high-temperature alerts for eight counties and cities.
Officials say Changhua, Yunlin, Tainan, and Hualien are under an orange alert… meaning temperatures could repeatedly exceed (超過) 36 degrees Celsius.
Taipei, New Taipei, Chiayi, and Taitung are under a yellow alert.
Taitung also faces a high risk of hot, dry foehn winds.
Meteorologist Wu Der-rong says tropical disturbances in the South China Sea and near the Philippines are bringing large amounts of moisture toward Taiwan, creating highly unstable conditions.
Wu warns that severe convective thunderstorms will develop in mountainous areas every afternoon through July 21st, and te storms will likely trigger lightning, strong winds, and flash flooding in low-lying areas.
(NS)
China Senior CCP Member Expelled
Chinese state media says a senior official has been expelled from the ruling Communist Party.
Ma Xingrui is one of three members of the current Politburo purged in leader Xi Jinping's anti-corruption campaign, alongside two military generals.
Analysts see the campaign as a tool to enforce loyalty to Xi and root out (根除) corruption.
Party authorities concluded that Ma committed violations including accepting gifts and using his position to help others.
The 66-year-old Ma was previously the Communist Party chief of Xinjiang and governor of Guangdong province.
Gold trader gets time served in Iran sanctions case that strained US-Turkey relations
A Turkish businessman charged in a conspiracy to help Iran evade (逃避) sanctions gets no additional prison time after helping U.S. investigators.
The AP's Jennifer King reports.
Spain Gibraltar Border Fence** Dismantled**
The fence separating Gibraltar from Spain has been dismantled, easing travel for thousands who cross daily.
This change, which goes into effect today, follows years of post-Brexit negotiations between the European Union and the United Kingdom over Gibraltar, a British Overseas Territory that is also claimed by Spain.
On Tuesday, the U.K. and the E.U. signed an agreement securing Gibraltar’s economic future.
The deal de facto brings Gibraltar into the EU’s Schengen free travel area.
Gibraltar officials say live facial recognition (臉部辨識) cameras are now set up at entry points.
When Britain left the EU in 2020, the relationship between Gibraltar and the bloc had been left unresolved.
In 2025, the EU and U.K. announced an agreement on those issues, with the two sides and Gibraltar’s government signing a treaty Tuesday that eases border crossings.