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Tsai orders heightened national security monitoring

2017-08-30
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President Tsai Ing-wen
President Tsai Ing-wen
Taipei, Aug. 29 (CNA) President Tsai Ing-wen has ordered government national security and economic agencies to keep a watchful eye on changes in the geopolitical situation and potential shifts in the stock and currency markets, according to a statement released by the Presidential Office on Tuesday.

The instruction came after North Korea launched a ballistic missile earlier in the day, raising geopolitical tensions and causing shares in Taiwan to close lower.

Tsai gave the order after receiving updates on the missile launch from National Security Council Secretary-General Yen Te-fa and indicated the government remains in close contact with friendly countries.

The missile flew over Japan before falling into the Pacific off the Japanese coast, according to media reports.

The president instructed government agencies in charge of national security and the economy to monitor the latest developments.

The weighted index on the Taiwan Stock Exchange closed down 0.28 percent, at 10,496.57, after moving between 10,463.22 and 10,518.69, on turnover of NT$107.226 billion (US$3.62 billion). 

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