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China's Military Drills Spike Tensions, Taiwan Alerts Forces

12/29/2025

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Story summary
  • China conducted large-scale military drills around Taiwan as tensions rose.
  • Taiwan placed its forces on alert for potential spillover.
  • Taiwan's benchmark stock index rose 0.8% amid regional trading.
  • Shanghai Composite rose 0.3% on gains in financials and property shares.
  • The S&P 500 and Dow Jones fell slightly after the Christmas holiday.