Investing.com -- U.S. President Joe Biden again warns China that U.S. forces would defend Taiwan in the case of an "unprecedented attack". The U.K. closes its markets as it says goodbye to Queen Elizabeth II. Cryptocurrencies slump as investors lack the stomach for a week of aggressive central bank action, and Volkswagen values its Porsche unit at up to $75 billion. Here's what you need to know in financial markets on Monday, 19th September.
1. Biden-Taiwan
President Joe Biden repeated that U.S. troops would defend Taiwan in the event of an invasion from mainland China, prompting another angry reaction from Beijing.
Biden appeared to leave no room for misunderstanding, giving the same answer twice when pressed. However, the White House again felt the need to issue a separate statement later reiterating that this was Biden’s personal view, rather than official U.S. policy.
Historically, the U.S. has avoided taking a line on that question, while making its support for Taiwan in every...
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