Increasing Tensions Between The US And China over Taiwan
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China's Foreign Minister Wang Yi urges to deal with the Taiwan issue properly, Reuters reported on Tuesday.
Last week, Wang said that Japan must not 'obscure' its stance on the Taiwan issue.
The tension between US and China over Taiwan escalated this week after American President Joe Biden that the “US military would defend Taiwan in the event of an invasion by China.”
Market reaction
The aussie remains undermined by the renewed US dollar buying and looming US-China woes. The spot is currently trading at 0.6719, down 0.10% on the day.
