Taiwan New President Inaugural Speech

Ma Yingjiu inaugural speech yesterday:

part 1: http://youtube.com/watch?v=aXsEPY8ShvU

part 2: http://youtube.com/watch?v=r_FZfcDQn3s

part 3: http://youtube.com/watch?v=jtXVjfGuBNw

I think his speech is generally positive for the across-strait relationship. But his speech dashed the hope for any immediate political solution. He advocates "no independence, no unification, no military armament".

Taiwan index was down 2.5% afterwards:

(clicke to enlarge)

Taiwan ETF is down over 3% today, but the trend is still up:

(clicke to enlarge)

EEM: MSCI emerging market index

EWT: Taiwan ETF