TAIWAN: BEFORE THE OPEN, 10Jun2013

The Taiwan Relations Act still stands; DRAM makers in for a good 3Q; The national debt example; Mainland tourists swarm into Taiwan; Manufacturing sector labeled “blue light”; 14nm processes TSMC’s new challenge; Here’s what you need to know pre-open.
taiwan relations act
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CHINA: BEFORE THE OPEN, 10Jun2013

May economic data dominates the headlines this morning. Data across the board is slightly worst than expecting throwing shadows on 2013 growth. CPI, PPI, Imports, Exports, New Loans, Car Sales and Fiscal Revenue all released for May. President Xi Jinping wrapped up his California summit with President Obama and China’s first lady was not impressed getting snubbed by Michelle. Here’s what you need to know before the open. Happy Monday!

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Xi Jinping asked Obama to stop arms sales to Taiwan

Barack Obama, Xi Jinping

Obama deftly dodged that one by saying the US must abide by previously signed Taiwan Relations Act.

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KOREA: BEFORE THE OPEN, 08May2013

What you need to know!

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China Upping Pakistan’s Nuke Capacity… US Not Pleased

pakistan nuke

From Washington Post:

China and Pakistan reached a formal agreement last month to construct a third nuclear reactor at Chashma that the Obama administration says will violate Beijing’s promises under an international anti-nuclear weapons accord.