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Taiwan risk assets to rally over election results
Mainland commentators expressed cautious satisfaction with Taiwan’s national election outcome – which returned the Democratic Progressive’s Party (DPP) to office but with a sharply reduced mandate and the loss of its majority in the national legislature. Taiwan’s voters gave the presidency to the pro-independence DPP, but with a legislative veto in the hands of the pro-unification Kuomintang. That’s the best possible outcome for Taiwan, whose citizens do not want to be absorbed into the Communist mainland – but don’t want a confrontation over prospective independence, either. For Beijing, stopping ... (full story)