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Chinese Foreign Minister Wang Yi on Tuesday urged the US side to handle Taiwan-related issues with extra prudence during a phone conversation with US Secretary of State Marco Rubio.
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#FMSays# When asked to comment the decision adopted at the 79th #WHA# not to include #Taiwan-related# proposals from its agenda, and that it marks the tenth consecutive year that the WHA has rejected such proposals, Chinese foreign ministry spokesperson Guo Jiakun said on Tuesday that it has been the 10th year in a row that WHA has rejected the so-called proposal concerning Taiwan, and this fully demonstrates the unshakable international consensus in support of the one-China principle and the unquestionable authority of UN General Assembly Resolution 2758. Having suffered ten failures over a decade, the DPP authorities clinging to their separatist "Taiwan independence" stance is doomed to failure, and their political farce of seeking separatist provocations to pursue "independence" should come to an end. China will achieve complete reunification, and Taiwan region will return to the embrace of the motherland, Guo said.
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CHINA FOREIGN MINISTER HELD CALL WITH US RUBIO - XINHUA CHINA FOREIGN MINISTER: HOPES U.S. TO TREAT TAIWAN-RELATED ISSUES WITH CAUTION CHINA FOREIGN MINISTER: TWO SIDES SHOULD CONTROL RISKS CHINA FOREIGN MINISTER: URGES CHINA, U.S. TO STAY ON COURSE TOWARD CONSTRUCTIVE RELATIONSHIP OF STRATEGIC STABILITY
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On June 30, FM Wang Yi held a phone conversation with U.S. Secretary of State Marco Rubio. FM Wang said: — China and the US need to remove disruptions, overcome obstacles, and stay firmly on the right course toward building a constructive bilateral relationship of strategic stability. — Both sides should always uphold the spirit of equality, respect and mutual benefit, and translate the important consensus reached by the two heads of state into specific policies and practical measures. — Both sides need to expand the list of cooperation, shorten the list of problems, and manage all kinds of risks. — The Taiwan question has far-reaching implications. It is hoped that the U.S. side will handle Taiwan-related issues with extra prudence. Both sides agreed that this phone conversation was positive and constructive, and agreed to jointly implement the important consensus reached by the two heads of state and continue to maintain communication through various flexible means.
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UMC, Taiwan’s 2nd biggest chip foundry, is looking to expand a fab in south Taiwan due to an overflow of advanced packaging and specialty AI-related orders (silicon interposers, DTC) from Qualcomm, Intel and SanDisk, media report, noting new plans for UMC’s Fab 12A P7 near Tainan, Taiwan, are under evaluation. Orders for power management chips (PMICs) for AI products are also booming. UMC is working with Qualcomm on silicon interposers, DTC (deep trench capacitors), and wafer-to wafer hybrid bonding, while Intel and UMC have partnered on 12nm FinFET, and the UMC-SanDisk cooperation is for memory chip stacking. The story cites unnamed industry sources. $UMC $QCOM $SNDK $INTC #semiconductors#
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China Attempts to "Enforce the Law" in Waters East of Taiwan The New York Times reports that on July 5, the China Coast Guard announced the launch of "law enforcement patrols" in the western Pacific waters east of Taiwan, with two coast guard vessels, "Xiushan" and "Chongming," deployed 80 to 140 nautical miles off Taiwan's east coast. This marks a new move by China to expand the scope of pressure on the Taiwan Strait to the eastern waters. Analysts point out that previous China Coast Guard patrols have mainly focused on the Taiwan Strait, and this operation carries clear political intent, aimed at challenging Taiwan's control over the waters and rehearsing steps related to a potential future blockade. Taiwan's Coast Guard Administration dispatched vessels to track the ships and stated it would forcibly repel any harassing vessels; Taiwan's Mainland Affairs Council emphasized that China has "no jurisdiction whatsoever" over the waters. It is reported that the China Coast Guard vessels had previously requested information such as crew details and destinations from at least three merchant ships, with one Singapore-flagged cargo ship complying. The US, UK, France, and Germany issued statements last month criticizing the related patrol operations.
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Here is a quick breakdown of some of Rex Shares' Covered Call Income ETFs: $FEPI - FEPI owns the 15 biggest U.S. tech stocks and writes covered calls on each one to generate weekly income — big tech exposure with a 25%+ distribution rate. Inception Date: October 11, 2023 Expense Ratio: 0.65% AUM: $673M Distribution Rate: 25.21% Distribution Frequency: Monthly Distribution Per Share (Last): $0.9044 Top 10 Holdings: Intel $INTC 9.82% AMD $AMD 9.46% Micron $MU 9.16% Alphabet $GOOGL 7.51% Oracle $ORCL 6.82% Nvidia $NVDA 6.76% Amazon $AMZN 6.64% Tesla $TSLA 6.63% Broadcom $AVGO 6.54% Apple $AAPL 6.53% $AIPI - AIPI owns the top AI stocks and writes covered calls on each one to generate monthly income — pure AI exposure with a 34%+ distribution rate. Inception Date: June 4, 2024 Expense Ratio: 0.65% AUM: $393M Distribution Rate: 34.84% Distribution Frequency: Monthly Distribution Per Share (Last): $1.0518 Top 10 Holdings: Crowdstrike $CRWD 10.58% Nvidia $NVDA 10.08% Palantir $PLTR 7.80% Astera Labs $ALAB 7.33% Datadog $DDOG 6.53% Intel $INTC 5.52% AMD $AMD 4.76% Micron $MU 4.48% IonQ $IONQ 4.13% Qualcomm $QCOM 4.05% $CEPI - CEPI owns the top crypto-related stocks and writes covered calls on each one to generate monthly income — crypto equity exposure with a 42%+ distribution rate. Inception Date: December 4, 2024 Expense Ratio: 0.85% AUM: $100M Distribution Rate: 42.00% Distribution Frequency: Monthly Distribution Per Share (Last): $1.1707 Top 10 Holdings: AMD $AMD 7.30% Micron $MU 6.86% Applied Digital $APLD 6.57% IREN Ltd $IREN 6.35% MicroStrategy $MSTR 5.83% Marathon Digital $MARA 5.66% Riot Platforms $RIOT 4.84% Taiwan Semiconductor $TSM 4.75% Nvidia $NVDA 4.63% Cipher Mining $CIFR 4.48% Disclsoure: Rex Shares is a partner of WOLF Financial. This is only for informational purpoases, make sure to dig in for yourself and do your own research
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Taiwan is giving its coast guard an expanded role as part of a defense strategy focused on keeping China’s landing forces from reaching its shores
Taiwan detected AI-assisted cyberattacks on government agencies last month coming from overseas but the affected bodies successfully ‘handled’ the incident, the Ministry of Digital Affairs said
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