Taiwan’s ruling party was handed a major defeat in local elections Saturday that were seen as a referendum on the administration of the island’s independence-leaning president amid growing economic and political pressure from China.

Soon after the results came in, President Tsai Ing-wen resigned as head of the Democratic Progressive Party. She will remain as president and her resignation will have no direct effect on the business of government, although the results bode ill for her re-election chances in two years.

 Taiwan stocks opened up today and went up nearly 100 points, cheering for the victory of the people. Unfortunately, the long-term shadow line of nearly 80 points was left.

The strong stocks on the disk are almost all around the roots, including sightseeing, construction and assets. Today these stocks are rising dreams of Kaohsiung, so it is only a short-term benefit. In the future, it depends on whether the new mayor can pay beautiful management results. single. Some stocks have already left the shadow line at the close, and beware of the short selling pressure tomorrow.

After the election, the next step is to pay attention to the G20 and Chuan Xihui. This part is still closely watching the changes in the US stock market. At present, the four major indexes of the US stock market are still dominated by the empty square structure. In the future, we should pay attention to the low 241.2 points before the Dow Jones index. Whether it falls below, if it is not broken, it will hit the second foot. If it is broken, it will be a disadvantage to the bottom.

Hülya Karahan:The Founder

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