Taiwan: Great Business, Bad Location

Taiwan’s economy could be collateral damage in the Iran war, reports William. The US’s geopolitical ambitions might embolden China to make good on its pledge to bring Taiwan back under its wing, especially if President Trump doesn’t offer the island nation continued US support—as well he might not. The prospect of TSMC under Chinese control holds apocalyptic economic implications since that one company makes most of the world’s advanced semiconductors. But Taiwanese ETFs are rallying all the same. Is the market right that China won’t risk its own GDP growth by invading Taiwan? … Also: Toby examines Taiwan’s rapidly growing but precariously undiversified economy, overly dependent on tech exports.