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Stock impact report

Taiwan believes China is behind damage to one of its crucial undersea cables [Business Insider]

Chunghwa Telecom Co., Ltd. (CHT) 
US:NYSE Investor Relations: cht.com.tw/en/ir/stockit-earningsit.html
The damage occurred on Friday near Keelung, according to The Taipei Times , with Taiwanese coast guard officials believing a Cameroon-flagged vessel, the Shunxin 39, was responsible. Despite being Cameroon-flagged, the ship is reportedly owned by a Hong Kong firm. According to reports, the Taiwanese coast guard ordered the vessel to stop so it could be investigated, but because of rough weather conditions officials were unable to board the tanker, which continued on to its destination in South Korea. "This is another case of a very worrying global trend of sabotage against subsea cables," a senior Taiwanese national security official told The Financial Times. Marco Ho Cheng-hui, CEO of Taiwanese civil defense organization Kuma Academy, told The Taipei Times that China was testing the limits of international tolerance through escalating "grey zone" attacks, or covert attacks to undermine its security. "This is not an isolated event," he said. As an island, Taiwan is highly Show less Read more
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