Chinese Military: On Monday, Drills Around Taiwan will Resume

On Monday, the Chinese People's Liberation Army's Eastern Theater Command said on the social media site Weibo that it was continuing training in the air and seas surrounding Taiwan.

August 08, 2022 - 01:02 PM 410 views

Chinese Military: On Monday, Drills Around Taiwan will Resume

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© Chinese Military: On Monday, Drills Around Taiwan will Resume

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On Monday, the Chinese People's Liberation Army's Eastern Theater Command said on the social media site Weibo that it was continuing training in the air and seas surrounding Taiwan.

Following US House Speaker Nancy Pelosi's visit to the island, the military conducted a rare series of naval and air force manoeuvres in close proximity to Taiwan.

We will censure US House of Representative Speaker Nancy Pelosi for the Taiwan visit, the Chinese Foreign Ministry declared on Friday.

The Market Reaction

This Monday's trading of the S&P 500 futures shows that risk sentiment is still subdued. The AUD/USD pair is reaching the end of its uptrend near 0.6950 amidst a widespread US dollar decline following Friday's strong upsurge supported by the robust payrolls.

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