Is this the cause of the reversal of STI from positive to negative territory today? or is it just profit taking in anticipation of Trump speech tonight?
China ship enters strait, Taiwan warns against 'panic'
China's only aircraft carrier has entered the Taiwan Strait in a highly symbolic show of strength, but Taiwan insisted Wednesday there was no need for panic even as tensions boil over the island's diplomatic status.
Beijing has upped its military drills near the island in recent weeks after being incensed by a congratulatory phone call from Taiwan's president Tsai Ing-wen to US president-elect Donald Trump, and by a subsequent transit stop by Tsai in the US.
China considers Taiwan a breakaway province to be brought back into its fold. The US is the island's most powerful ally and main arms supplier, despite having no official diplomatic relations since recognising Beijing in 1979.
The Liaoning aircraft carrier has not entered Taiwanese waters but has gone into an area covered by the island's air defence zone, Taiwan's defence ministry said.