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January 13, 2025

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Taiwan has seen a “significant rise” in the number of individuals charged with spying for China in recent years, according to new data released by the island’s security bureau, amid escalating intimidation by Beijing.

In a report released Sunday, Taiwan’s National Security Bureau (NSB) said the number of individuals prosecuted for Chinese espionage had increased threefold in recent years, rising from 16 in 2021 to 64 in 2024.

Of those 64 charged, 15 were military veterans and 28 were active service members, according to the report, which said targets of Chinese infiltration included military units, government agencies and local associations.

Beijing claims the self-governing democracy as its own territory and has vowed to take control of it, by force if necessary, despite having never controlled it.

The Taiwanese government has repeatedly rejected China’s sovereignty claims and emphasized that Taiwan’s future can only be decided by its 23.5 million people.

“The Chinese Communist Party continues to use diverse channels and means to infiltrate all walks of life in order to absorb citizens to help them develop networks or gather sensitive government information,” the report said.

In recent years, Beijing has stepped up its pressure on the island, launching large-scale military drills more frequently and raising alarm over the possible deployment of “gray zone” tactics – acts that fall below the threshold of war.

Taiwan officials’ suspicions earlier this month that a Chinese vessel may have been responsible for damage to an undersea internet cable underscored concerns on the island about vulnerabilities that could be exploited by Beijing in so-called “gray zone operations.”

In December, China also fielded its largest regional maritime deployment in decades – including multiple formations of Chinese naval and coast guard vessels – in regional waters and around the Taiwan Strait, according to Taiwan’s Defense Ministry.

For years, Taiwan’s security agencies have warned about Beijing’s growing attempts to infiltrate its armed forces and their espionage activities, particularly efforts to bribe military officers in exchange for national secrets.

The latest report said that improved counter-intelligence capabilities has allowed authorities in Taiwan to uncover more cases of suspected Chinese espionage.

It said Chinese agents allegedly attempted to establish contacts with criminal gangs and local temples, as well as setting up underground banks to recruit military personnel and China-friendly groups in Taiwan.

The report added, without specifying details of the cases, that some of the suspected spies were tasked to serve as agents of “sabotage” and raise China’s flag in the event of a Chinese invasion. Some were also asked to gather intelligence in a move to build a “sniper team” for an “assassination assignment.”

China’s Ministry of State Security (MSS), which oversees intelligence and counterintelligence both within China and overseas, has also previously accused Taiwan of conducting spying activities.

Last August, the ministry said it had uncovered over a thousand Taiwanese espionage cases in recent years and dismantled a number of espionage networks.

China’s MSS has also launched a high-profile campaign against what it says is a surge in espionage activities by foreign nationals at a time when relations with western powers, especially the United States, have cratered.

Chao Yu-hsiang, a resident search officer at Taiwan’s Institute of National Defense and Security Research (INDSR), said he hopes the recent surge in prosecutions by Taiwan would prompt the Taiwanese military to enhance security measures.

“Both our military and civilians should maintain a high level of vigilance in our words and deeds, develop good confidentiality habits, and use social media with caution to prevent those with ulterior motives from infiltrating, absorbing and exploiting us,” he wrote in a column published by INDSR on Monday.

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.