🔥 Top Stories
US President Trump stated that five missiles fired by Iran at American military forces were all intercepted. Trump announced that the United States will take retaliatory action while remaining open to potential negotiations with Iran. Trump also expressed concern regarding reports that Iran may acquire Chinese-made missile launchers.
The US-Iran ceasefire has collapsed. Iran's Islamic Revolutionary Guard Corps fired multiple ballistic missiles at US military forces in the Middle East on Tuesday evening, but all missiles were intercepted with no American casualties reported. President Trump announced Wednesday that the US will take strong retaliatory action against Iran. The incident triggered a sharp rise in oil prices, surging over 7%.
Lin Xuefeng, a 56-year-old KMT party member, was convicted of recruiting three groups of village chiefs and local officials for a China-sponsored trip to Zhejiang Province before the presidential and legislative elections three years ago. The trip, funded by the Taiwan Affairs Bureau of Taizhou, included promotional activities supporting KMT presidential candidate Hou You-ih. The Supreme Court upheld the four-year sentence under violations of the Countering Foreign Interference Law and the Presidential and Vice Presidential Election and Recall Law.
According to Mainland Affairs Council statistics, 402 Taiwanese citizens have gone missing, been detained for questioning, or been held in custody in China from 2024 through July 22 this year. The Sea Foundation's secretary-general revealed that 19 religion-related detention cases have occurred, surging 50% in the past three months. Detainees include educators and tourists of various ages. The council has issued travel warnings for mainland China.
A magnitude 7.1 earthquake hit Kumamoto Prefecture, Japan on March 28, killing at least 14 people and leaving 6 in cardiopulmonary arrest and 7 missing as of March 29 evening. An explosion and building collapse at AEON Mall Kashima resulted in 3 deaths. Japan's Meteorological Agency warned of possible magnitude 7 earthquakes in the coming week.
🏛 Politics
US President Trump stated that five missiles fired by Iran at American military forces were all intercepted. Trump announced that the United States will take retaliatory action while remaining open to potential negotiations with Iran. Trump also expressed concern regarding reports that Iran may acquire Chinese-made missile launchers.
The US-Iran ceasefire has collapsed. Iran's Islamic Revolutionary Guard Corps fired multiple ballistic missiles at US military forces in the Middle East on Tuesday evening, but all missiles were intercepted with no American casualties reported. President Trump announced Wednesday that the US will take strong retaliatory action against Iran. The incident triggered a sharp rise in oil prices, surging over 7%.
Lin Xuefeng, a 56-year-old KMT party member, was convicted of recruiting three groups of village chiefs and local officials for a China-sponsored trip to Zhejiang Province before the presidential and legislative elections three years ago. The trip, funded by the Taiwan Affairs Bureau of Taizhou, included promotional activities supporting KMT presidential candidate Hou You-ih. The Supreme Court upheld the four-year sentence under violations of the Countering Foreign Interference Law and the Presidential and Vice Presidential Election and Recall Law.
According to Mainland Affairs Council statistics, 402 Taiwanese citizens have gone missing, been detained for questioning, or been held in custody in China from 2024 through July 22 this year. The Sea Foundation's secretary-general revealed that 19 religion-related detention cases have occurred, surging 50% in the past three months. Detainees include educators and tourists of various ages. The council has issued travel warnings for mainland China.
A magnitude 7.1 earthquake hit Kumamoto Prefecture, Japan on March 28, killing at least 14 people and leaving 6 in cardiopulmonary arrest and 7 missing as of March 29 evening. An explosion and building collapse at AEON Mall Kashima resulted in 3 deaths. Japan's Meteorological Agency warned of possible magnitude 7 earthquakes in the coming week.
Taitung County's agricultural department is under investigation for allegedly using public funds to expand a farm road from three meters to fifteen meters for a resort development project invested by County Council Speaker Wu Xiuhua's family. Prosecutors searched the agricultural department and detained five officials including the director and deputy director on suspicion of favoritism and related charges.
Following a magnitude 7.1 earthquake in Kumamoto Prefecture, Taiwan's Interior Minister Liu Shih-fang stated that rescue teams are fully prepared and can depart within four hours upon receiving an official request from the Japanese government. Japanese Chief Cabinet Secretary Kihara Toshio acknowledged that multiple countries and regions, including Taiwan, have offered assistance.
A Control Yuan investigation reveals that junior high school students traveling to China for exchange programs increased from zero to 1,021 over four years. China attracts Taiwanese students through scientific research and talent competitions, creating unequal one-way exchange patterns. The report indicates schools fail to properly report student information about China trips, showing imbalanced cross-strait educational exchanges and inadequate government oversight mechanisms.
Taiwan's Legislative Yuan Economic Committee approved amendments to three agricultural laws: the Agricultural Development Act, Water and Soil Conservation Act, and Hillside Land Conservation and Utilization Act. The revised provisions increase penalties for unauthorized land reclamation or occupation causing disasters. Penalties for cases resulting in death increase from NT$1 million to up to NT$100 million; serious injuries also face enhanced penalties. The amendments aim to strengthen source management and prevent disasters from illegal land use.
The Trump administration announced on the 28th a ban on imports of new Chinese robots and power inverters to protect U.S. AI infrastructure from national security threats and redirect supply chains back to America. The measure will impact China's Unitree Robotics, while Taiwanese machinery and solar inverter manufacturers may benefit from order transfers.
💰 Finance
The Federal Reserve maintained its benchmark interest rate unchanged, but U.S. Treasury yields rose in response, causing the Dow Jones Industrial Average to decline 1,152 points at close—the largest drop since tariff announcements last year. Persistent inflation pressures increase Fed rate-hike expectations, weighing on all three major indices.
Street Cube founder Hu Yi-jia was sentenced to seven years imprisonment by Taipei District Court for conspiring with Yang Li-wei to illegally profit NT$66.65 million through improper distribution of Brent crude oil futures funds at Street Cube Investment Trust in 2020. The court also imposed a fine of NT$100 million and six months imprisonment for document forgery. The case involved self-dealing practices that violated securities investment trust regulations.
The Federal Reserve announced on Wednesday that it is maintaining its benchmark interest rate target in the 3.5% to 3.75% range. Three committee members cast dissenting votes, marking the first time since 2016. Fed Chair Kevin Warsh stated the central bank will take necessary measures to achieve its 2% inflation target but will not provide forward guidance on future rate policy. Following the announcement, U.S. Treasury yields rose significantly, with 30-year yields surpassing 5.2%, reaching their highest level since 2007.
The Federal Reserve maintained interest rates unchanged on Wednesday, but three dissenting votes supported a 25-basis-point rate hike, raising market concerns about inflation control effectiveness. The 30-year Treasury yield surged 11.9 basis points to 5.215%, marking its highest level since July 2007, while the 10-year yield rose 8.8 basis points to 4.691%. Short-term yields declined, with the 2-year Treasury yield dropping 4 basis points to 4.269%.
Microsoft reported fourth-quarter fiscal 2026 results exceeding market expectations, driven by strong Azure cloud growth of 43%. Q4 revenue reached $90.01 billion with adjusted EPS of $4.74, both surpassing analyst estimates of $87.62 billion and $4.24 respectively. Azure annual revenue exceeded $100 billion for the first time, while net income reached $35.77 billion, up 31% year-over-year. Stock rose approximately 3% after hours.
The Federal Reserve maintained its federal funds rate at 3.50%-3.75% on Wednesday, marking the fifth consecutive pause. However, internal divisions widened with three officials voting for further rate hikes. Fed Chair Powell reiterated the commitment to controlling inflation, causing long-term Treasury yields to surge. Combined with rising Middle East tensions and oil prices, the Dow Jones fell over 1,100 points, while the Philadelphia Semiconductor Index plummeted more than 5%.
The US and Saudi Arabia launched airstrikes against Iranian-backed Iraqi armed groups, escalating Middle East tensions. US crude oil inventories fell to their lowest level since 2018, raising concerns about regional supply disruptions. Brent crude futures rose 7.91% to $90.74 per barrel, while WTI crude climbed 6.56% to $84.46 per barrel.
The U.S. Federal Reserve maintained its benchmark interest rate unchanged today, but three regional Federal Reserve Bank presidents dissented, advocating for a rate increase. This highlights growing divergence within the Fed regarding monetary policy direction. Market expectations now price in over 50% probability of a September rate hike, reflecting differing assessments of inflation outlook among policymakers.
Taiwan Semiconductor Manufacturing Company (TSMC) has entered the Fortune Global 500 top 100 for the first time, according to Fortune magazine's 2026 rankings released recently. Asian companies are benefiting from the artificial intelligence boom, strengthening their position in the global economy. TSMC's inclusion in the top 100 reflects its status as a leading global chipmaker and its competitive strength in the industry.
South Korea's KOSPI index fell sharply on the 29th, triggering the ninth circuit breaker this year. The Korean Ministry of Finance apologized for insufficient caution when launching individual stock leveraged ETFs in May and is considering implementing restrictions to prevent similar risks in the future.
🎬 Entertainment
Glen Hansard, an Irish musician known for starring in the film Once and winning an Academy Award for Best Original Song for Falling Slowly, died in a serious motorcycle accident in his hometown Dublin on the morning of the 29th at age 56. The news shocked the global music and film industries, with countless fans and musicians expressing their condolences.
A BBC documentary titled "Jared Leto: Hollywood's Dark Secret" has revealed allegations against Hollywood actor Jared Leto, known for playing the Joker in Suicide Squad. Ten women have come forward with collective accusations of sexual assault, threats, and inappropriate harassment targeting underage girls over several years, sparking significant attention in the entertainment industry.
A Chinese fan was subjected to excessive force by staff at the 2026 International Novel Festival in Bangkok after a queue-cutting dispute. The incident quickly escalated from a local altercation into a major online dispute between Chinese and Thai netizens, drawing intervention from both countries' embassies. Both sides presented conflicting accounts, with some Chinese social media users questioning whether they were being used as diplomatic leverage.
🌏 International
US President Trump stated that five missiles fired by Iran at American military forces were all intercepted. Trump announced that the United States will take retaliatory action while remaining open to potential negotiations with Iran. Trump also expressed concern regarding reports that Iran may acquire Chinese-made missile launchers.
Lin Xuefeng, a 56-year-old KMT party member, was convicted of recruiting three groups of village chiefs and local officials for a China-sponsored trip to Zhejiang Province before the presidential and legislative elections three years ago. The trip, funded by the Taiwan Affairs Bureau of Taizhou, included promotional activities supporting KMT presidential candidate Hou You-ih. The Supreme Court upheld the four-year sentence under violations of the Countering Foreign Interference Law and the Presidential and Vice Presidential Election and Recall Law.
According to Mainland Affairs Council statistics, 402 Taiwanese citizens have gone missing, been detained for questioning, or been held in custody in China from 2024 through July 22 this year. The Sea Foundation's secretary-general revealed that 19 religion-related detention cases have occurred, surging 50% in the past three months. Detainees include educators and tourists of various ages. The council has issued travel warnings for mainland China.
A magnitude 7.1 earthquake hit Kumamoto Prefecture, Japan on March 28, killing at least 14 people and leaving 6 in cardiopulmonary arrest and 7 missing as of March 29 evening. An explosion and building collapse at AEON Mall Kashima resulted in 3 deaths. Japan's Meteorological Agency warned of possible magnitude 7 earthquakes in the coming week.
The US-Iran ceasefire has collapsed. Iran's Islamic Revolutionary Guard Corps fired multiple ballistic missiles at US military forces in the Middle East on Tuesday evening, but all missiles were intercepted with no American casualties reported. President Trump announced Wednesday that the US will take strong retaliatory action against Iran. The incident triggered a sharp rise in oil prices, surging over 7%.
The US and Saudi Arabia launched airstrikes against Iranian-backed Iraqi armed groups, escalating Middle East tensions. US crude oil inventories fell to their lowest level since 2018, raising concerns about regional supply disruptions. Brent crude futures rose 7.91% to $90.74 per barrel, while WTI crude climbed 6.56% to $84.46 per barrel.
U.S. President Trump stated he will take additional military action against Iran in response to Tehran's attack on American forces in Jordan. While Trump did not specify the timeline or scale of the response, he emphasized that the U.S. would deliver a strong retaliation.
Iran conducted a surprise attack against U.S. forces, signaling a shift in Tehran's approach to the ongoing conflict with increased willingness to escalate. President Trump stated the U.S. will respond forcefully. The incident marks an escalation in U.S.-Iran tensions in the region.
A powerful earthquake struck Kumamoto Prefecture on the 29th, resulting in 12 deaths, 6 people in cardiopulmonary arrest, 64 injured, and at least 4 missing as of 7 PM. The magnitude 7 quake caused multiple building collapses in Hikawa town, where authorities are still investigating. Complete damage assessment remains ongoing.
The Federal Reserve maintained its benchmark interest rate unchanged, but U.S. Treasury yields rose in response, causing the Dow Jones Industrial Average to decline 1,152 points at close—the largest drop since tariff announcements last year. Persistent inflation pressures increase Fed rate-hike expectations, weighing on all three major indices.
Taitung County's agricultural department is under investigation for allegedly using public funds to expand a farm road from three meters to fifteen meters for a resort development project invested by County Council Speaker Wu Xiuhua's family. Prosecutors searched the agricultural department and detained five officials including the director and deputy director on suspicion of favoritism and related charges.
The U.S. Federal Reserve maintained its benchmark interest rate unchanged today, but three regional Federal Reserve Bank presidents dissented, advocating for a rate increase. This highlights growing divergence within the Fed regarding monetary policy direction. Market expectations now price in over 50% probability of a September rate hike, reflecting differing assessments of inflation outlook among policymakers.
Taiwan Semiconductor Manufacturing Company (TSMC) has entered the Fortune Global 500 top 100 for the first time, according to Fortune magazine's 2026 rankings released recently. Asian companies are benefiting from the artificial intelligence boom, strengthening their position in the global economy. TSMC's inclusion in the top 100 reflects its status as a leading global chipmaker and its competitive strength in the industry.
The Trump administration announced on the 28th a ban on imports of new Chinese robots and power inverters to protect U.S. AI infrastructure from national security threats and redirect supply chains back to America. The measure will impact China's Unitree Robotics, while Taiwanese machinery and solar inverter manufacturers may benefit from order transfers.
South Korea's KOSPI index fell sharply on the 29th, triggering the ninth circuit breaker this year. The Korean Ministry of Finance apologized for insufficient caution when launching individual stock leveraged ETFs in May and is considering implementing restrictions to prevent similar risks in the future.