Should the US nuke Beijing? Message Board

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Politics : Should the US nuke Beijing?

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To: lin huan chen who wrote (7)	7/20/1999 12:04:00 PM
From: Lazarus_Long	Read Replies (1) of 26

--OT-- The stock market: From today's Wall Street Journal: July 20, 1999 Taiwan Market Rallies 5.7%; Asian Markets Close Mixed An INTERACTIVE JOURNAL News Roundup Taiwan stocks surged 5.7% Tuesday on perceptions China's anger at the island's latest claim to statehood has been mollified. Meanwhile, Korea's main index tumbled on interest rate fears and on Daewoo Group's financial difficulties. Stocks rallied early in the session on local media reports -- later denied by the presidential office -- that President Lee Teng-hui planned a high-level national security meeting Tuesday afternoon to explain his "special state-to-state" remarks that sparked the latest crisis in China-Taiwan relations. Investors bought on expectations that the meeting would clarify and possibly ease the tensions across the Taiwan Strait. Moreover, the situation was helped by Washington's response that it stands by its "one-China" policy, traders said. China may now not see the need to make a military response as it has the support of the U.S., traders added.

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