China-Taiwan Tensions Escalate in Morning Bid.

The escalation in China-Taiwan tensions will dominate Asian markets on Monday, with China simulating precision strikes on Taiwan and encircling the island with around 10 warships and dozens of fighter jets. Meanwhile, Foxconn is planning to invest $820m in new manufacturing facilities in southern Taiwan to support its electric vehicle ambitions. On the economic data front, Japanese current account figures for February and the possible release of Chinese credit, loan growth and money supply data for March could divert investors' attention away from the geopolitics.