US, China Will Determine War And Peace, Says Singapore's Ex-Foreign Minister: 'Taiwan Is Only A Piece On The Chessboard'
Portfolio Pulse from Navdeep Yadav
The future of Taiwan is largely dependent on the dynamics between the U.S. and China, according to George Yeo, former Foreign Minister of Singapore. The tensions between China and Taiwan have been escalating, with Chinese President Xi Jinping signaling China’s military readiness for a potential assault on Taiwan. This potential conflict could have significant global implications. Terry Gou, founder of Foxconn, a key supplier for Apple Inc., predicted a Wall Street crash in the event of a China-Taiwan war.
August 28, 2023 | 4:54 am
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Apple Inc. could be impacted by a potential China-Taiwan conflict due to its reliance on Foxconn, a key supplier based in Taiwan. Foxconn's founder predicted a Wall Street crash in the event of a China-Taiwan war.
Apple Inc. relies heavily on Foxconn for the manufacturing of its products. A conflict between China and Taiwan could disrupt this supply chain, potentially leading to production delays or increased costs for Apple. This could negatively impact Apple's stock price in the short term.
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