News Summary

• Michael DeSombre, US assistant secretary of state for East Asian and Pacific affairs, said investors are overpricing the risk.
• Beijing regards Taiwan as part of its sovereign territory and says it seeks peaceful reunification, although it has not ruled out using force.
• A blockade or military escalation could disrupt manufacturing and key shipping routes, sending shock waves through global trade and technology supply chains.
• A US-China war over Taiwan could wipe $10.6 trillion, or 9.6%, off global GDP in its first year.