Taiwan’s benchmark index rebounded nearly 5% Monday after last week’s sharp sell-off, helped by government stabilization measures and restrictions on short selling. The US has criticized Papua New Guinea over the closure of Taiwan’s representative office, amid concerns over Beijing’s diplomatic pressure to limit Taiwan’s international engagement. And Nvidia CEO Jensen Huang has admitted to an affair with a suspected Chinese spy, as Congressional committee chairs seek a closed-door briefing with him next week. Plus:
- Taiwan's top economic think tank has raised its 2026 GDP growth forecast to 12.34%, even as tech stocks face heavy selling pressure.
- The head of the Taiwan People's Communist Party has been detained on suspicion of running for local office in Tainan with instructions and funding from China.
- Residents in Indonesia’s drought-hit Batam region are pushing back against water-intensive data centers amid worsening water shortages.
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