The Tai-Ex opened up 12-points this morning from yesterday's close, at 17,585

on turnover of 2.7-billion N-T.

The market saw a technical rebound on Monday on the back of gains seen by

Taiwan Semiconductor Manufacturing.

However, the upturn was limited amid investor caution ahead of the release of

more U-S economic data later in the week, which could influence how the

Federal Reserve will seek to handle monetary policy in the future.

In news from and about Taiwan this morning,

President Tsai Ing-wen says the government is preparing to develop the next

generation of indigenous jet fighters.

According to Tsai, the move is aimed at "ensuring continuity of her

administration's national defense policy."

She made the announcement during an interview with ERA News, in which she

highlighted the government's resolve to build Taiwan's autonomy in the area

of defense systems and the government's "defense autonomy" plan.

Tsai went on to say "if the plan is interrupted, it will be difficult to

resume" - and expressed her hope that the next president will maintain

support for the development of the island's defense industry.

The Ministry of Culture has announced that it will begin accepting

applications for the government's pop music promotion subsidy program from

tomorrow.

According to the ministry, the program has been developed to promote the

production of pop music programs aimed at international markets.

The program has been granted funding of 10-billion N-T from now through 2027.

The ministry says popular music programs that will be considered for

subsidies need to include at least 10 episodes and have a production cost of

at least 6-million N-T per episode.

Approved applications can receive a subsidy of up to 40-per cent of the total

estimated production costs.

U.S. Secretary of State Antony Blinken says four key Arab nations and Turkey

have agreed to begin planning for the reconstruction and governance of Gaza

once Israel・s war against Hamas ends.

Blinken spoke Monday after meeting with the Saudi crown prince.

He is on an urgent Mideast mission that also took him to Jordan, Qatar, the

United Arab Emirates and Turkey.

Arab countries had previously resisted U.S. calls for post-war planning to

begin, insisting that there must first be a cease-fire and a sharp reduction

in civilian suffering caused by Israel's military offensive.

Blinken said he would bring the Arab commitments to Israel's prime minister

and the Palestinian leader before presenting them to the Egyptian president.

Chat GPT creator Open AI has responded to a lawsuit from the New York Times

accusing it of copyright infringement.

In a statement, Open AI said it rejects the claim that it doesn't have a

legal right to use publicly available materials to train its large language

model.

Ira Spitzer reports from San Francisco.

That was the I.C.R.T. news,

Check in again tomorrow for our simplified version of the news, uploaded

every day in the afternoon.

Enjoy the rest of your day, I'm _____.

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