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clock Created with Sketch. 05/08/22
13:30
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Originally posted by FXm:
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China said it fired missiles over the island of Taiwan for the first time on Thursday, escalating tensions in the region as US House Speaker Nancy Pelosi arrived in Japan, whose leaders lodged a protest with Beijing after five projectiles landed near Japanese islands.Pelosi met with Japan's Prime Minister Fumio Kishida Friday morning, with their attention focused on the Taiwan Strait, where China is staging air and sea drills to protest against the US speaker's visit to Taiwan earlier this week.China has previously fired missiles into waters surrounding Taiwan -- a democratic island of 24 million that the Chinese Communist Party regards as its territory, despite having never controlled it -- most notably during the Taiwan Strait Crisis in the 1990s.But missiles flying over the island marked a significant escalation, with US officials warning there may be more to come.
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That's the downramp I have been peddling too, it is a risky situation and if the market gets spooked then you know what. I would be careful holding over the weekend.
