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Taiwan defends Foxconn over China tax probe
Taiwan defends Foxconn over China tax probe
Economy
by  AFP

Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference". "They should not be subject to political scrutiny or political interference."

Equities drop as traders keep wary eye on Middle East crisis
Equities drop as traders keep wary eye on Middle East crisis
Economy
by  AFP

Asian markets extended last week's sell-off Monday on fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. "The main question dominating global financial markets, particularly for Asian capital markets, is whether the sell-off in US Treasuries will subside or persist," said Stephen Innes of SPI Asset Management.