Taiwan’s presidential candidates are now set for the Jan. 13 showdown that could turn out to be the most status-quo-altering election in 2024 for the world and the S&P 500.
The outcome of Taiwan’s election will likely determine Beijing’s next move. Expect a diplomatic bear hug if a candidate favoring closer ties with China wins, or something more hostile if the pro-independence Democratic Progressive Party retains power. Odds of a DPP win improved on Friday as two opposition parties registered for the election after a deal to form a unity ticket fell apart. No matter the outcome, President Biden’s geopolitical gambit to preserve America’s technology and military advantage is entering a period of maximum risk.
U.S.-China Chip War Centers On Taiwan
If there’s one thing that the U.S. and China agree on, it’s that advanced chips are the most critical strategic asset. America pioneered…
