Washington Urges Calm Over Pelosi's Taiwan Visit But Tensions Cause Asian Markets To Slide

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Washington Urges Calm Over Pelosi's Taiwan Visit But Tensions Cause Asian Markets To Slide
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Pelosi is expected to land in Taipei on Tuesday night and meet with Taiwanese officials on Wednesday.

by FlightRadar24, the U.S. Air Force plane carrying Pelosi left Kuala Lumpur at around 3.45 p.m. local time and was flying over Indonesia as of late afternoon.Despite Washington’s calls for calm, markets in the region appeared jittery due to the rising tensions. In China, the Shanghai Stock Exchange’s benchmark Composite Index was down 2.26% while the blue-chip focussed CSI 300 Index was down 1.95% when markets closed.

with his Chinese counterpart Xi Jinping last week, President Joe Biden reiterated that Washington’s stance on Taiwan remained unchanged but it was opposed to any unilateral efforts by Beijing to change the status quo. Following the call, Beijing issued its own readout that warned against meddling in Taiwan—which China considers as a part of its territory—and said “those who play with fire will perish by it.

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