Reuters-China Acknowledges that it conducted Military Operations near Taiwan this Week.

According to Reuters on Wednesday, China acknowledged that it has conducted the second-largest invasion into Taiwan’s air defence zone in the year 2022.

June 01, 2022 - 01:02 PM 259 views

Reuters-China Acknowledges that it conducted Military Operations near Taiwan this Week.

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© Reuters-China Acknowledges that it conducted Military Operations near Taiwan this Week.

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According to Reuters on Wednesday, China acknowledged that it has conducted the second-largest invasion into Taiwan’s air defence zone in the year 2022.

Taiwan's defence ministry announced late Monday that 30 Chinese fighter jets and more than 20 fighters had arrived in Taiwan's air defence zone.

In the meantime, Taiwan’s President Tsai Ing-wen said on Tuesday that the United States of America (USA) plans on "cooperation" between Taiwan’s military and its National Guard, strengthening security ties amid increasing warnings from China.

The Market Reaction

This Wednesday, risk sentiment holds a sweet spot in Asian trading. The S&P Futures are up 0.51% in a day at the time of writing, and the AUD/USD pair is up 0.09% at 0.7178.

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