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Tag: United States House of Representatives

Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan
Business

Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan

Stocks declined Tuesday after House Speaker Nancy Pelosi landed in Taiwan's capital of Taipei amid a high-pressure standoff with China. She and other members of Congress were greeted by a contingent of Taiwanese officials on the tarmac.  In a statement shortly after the plane landed, Pelosi said her visit was meant to honor "America's unwavering commitment to supporting Taiwan's vibrant Democracy."The S&P 500 fell 27 points, or 0.7%, to close at 4,091. The Dow Jones industrials declined 1.2% and the Nasdaq lost 0.2%.  "Speaker Pelosi's visit to Taiwan opens a dangerous period for U.S.-China-Taiwan tensions that will add to and elevate market risk as events unfold," Raymond James Equity Research analysts and Alex Anderson said in a report. ...
Pelosi confirms trip to Asia, but makes no mention of Taiwan
Politics

Pelosi confirms trip to Asia, but makes no mention of Taiwan

House Speaker Nancy Pelosi confirmed Sunday she will visit four Asian countries this week but made no mention of a possible stop in Taiwan that has fueled tension with Beijing, which claims the island democracy as its own territory.Pelosi said in a statement she is leading a congressional delegation to Singapore, Malaysia, South Korea and Japan to discuss trade, the COVID-19 pandemic, climate change, security and "democratic governance."Pelosi has yet to confirm news reports that she might visit Taiwan. Chinese President Xi Jinping warned against meddling in Beijing's dealings with the island in a phone call Thursday with President Biden. Beijing sees official American contact with Taiwan as encouragement to make its decades-old de facto indep...