Taipei: Cheng Li-wun has been elected as the new chairperson of the Kuomintang (KMT) after securing more than 50% of the votes, marking a significant leadership transition within the party.

According to Focus Taiwan, Cheng’s victory was prominently featured in several Taiwanese newspapers. The United Daily News and China Times both highlighted her triumph in their headlines, noting her successful election as the leader of the KMT. This election result is seen as a pivotal moment for the KMT, with Cheng expected to steer the party’s future direction.

In other major news, the Liberty Times reported on a natural incident where the bridge in Taroko’s Swallow Grotto has transformed into a ‘giant waterfall’ due to a leak from a barrier lake. This unexpected development has drawn significant attention, emphasizing the impact of natural events on infrastructure.

Meanwhile, the Economic Daily News and Commercial Times focused on stock market activities. The Economic Daily News reported that foreign investors are diverging from the norm by purchasing 14 stocks, indicating a strategic shift in investment patterns. Simultaneously, the Commercial Times noted that institutional investors have shown interest in 13 stocks characterized by strong revenue, profit, and growth, suggesting confidence in the market’s potential.

Lastly, the Taipei Times highlighted a statement from Lai, who reaffirmed a commitment to peace, underlining the ongoing emphasis on stability and diplomatic efforts in the region.