IBOV 172,209.95 ▼ 0.18% IPSA 11,265.58 ▲ 0.08% IPC MEX 66,938.64 ▲ 0.82% MERVAL 3,101,754 ▲ 0.49% COLCAP 2,371.05 ▲ 0.88% BVL PERÚ 59,581.33 ▼ 0.06% USD/BRL5.11▲ 0.55% USD/MXN17.14▲ 0.05% USD/CLP915.49▲ 0.30% USD/COP3,132▼ 0.72% USD/PEN3.37▼ 0.32% USD/ARS1,498▼ 0.05% USD/UYU40.25▼ 0.06% USD/PYG5,922▲ 0.04% USD/BOB11.80▲ 0.17% USD/DOP58.12▲ 0.02% USD/CRC447.88▼ 0.54% USD/GTQ7.62▼ 0.06% USD/HNL26.78▼ 0.01% USD/NIO 36.62 — 0.00% USD/VES755.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▼ 0.02% USD/TTD6.68▼ 0.82% EUR/BRL5.90▲ 0.47% BRENT 87.79 ▲ 5.07% WTI 82.15 ▲ 5.08% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.62% GOLD 4,424 ▲ 1.92% SILVER 65.26 ▲ 3.04% SOY 1,180 ▲ 2.05% CORN 462.00 ▲ 5.24% WHEAT 639.50 ▼ 0.04% COFFEE 335.20 ▼ 0.10% SUGAR 16.46 ▲ 0.06% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.05 ▲ 1.00% COCOA 6,018 ▲ 4.08% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.62 ▲ 0.82% PETR4 42.33 ▲ 3.57% VALE3 75.86 ▲ 1.19% ITUB4 40.54 ▼ 0.52% BBDC4 17.27 ▼ 0.23% ABEV3 15.30 ▼ 1.16% BBAS3 20.10 ▲ 0.20% B3SA3 14.72 ▼ 1.54% WEGE3 47.69 ▼ 0.89% PRIO3 60.57 ▲ 5.43% SUZB3 41.57 ▼ 0.31% RENT3 36.60 ▼ 3.23% AZZA3 16.69 ▼ 1.88% CSAN3 3.54 ▼ 3.54% RAIZ4 0.26 — 0.00% PCAR3 2.87 ▼ 1.71% GMAT3 3.67 ▼ 1.61% PSSA3 49.69 ▼ 1.45% CVCB3 1.41 ▼ 7.24% POSI3 3.48 ▼ 1.42% SLCE3 13.30 ▲ 0.61% NATU3 8.08 ▼ 2.42% BRKM5 5.79 ▼ 2.53% RANI3 8.03 ▼ 2.38% CSNA3 4.49 ▼ 1.75% CMIN3 5.42 ▼ 0.55% USIM5 7.11 ▼ 0.56% GGBR4 25.16 ▲ 0.44% ENEV3 25.39 ▼ 3.02% CPFE3 44.57 ▼ 0.51% CMIG4 10.64 ▼ 2.56% EQTL3 36.70 ▼ 1.56% LREN3 12.08 ▼ 2.50% VIVT3 30.50 ▼ 0.26% RAIL3 13.33 ▼ 1.91% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.45 ▼ 3.81% RDOR3 34.09 ▲ 0.50% HAPV3 10.39 ▼ 3.53% FLRY3 18.66 ▼ 1.53% SMTO3 15.09 ▲ 2.17% UGPA3 31.05 ▼ 0.74% VBBR3 33.35 ▼ 2.57% BBSE3 38.15 ▼ 0.60% BPAC11 53.85 ▲ 1.35% CURY3 31.42 ▲ 0.19% AERI3 2.31 ▲ 0.87% VIVARA 21.72 ▲ 0.42% COMPASS 22.90 ▲ 0.31% VAMOS 2.95 ▼ 4.22% SANB11 29.18 ▼ 0.31% ASAI3 8.09 ▼ 1.82% SBSP3 26.49 ▼ 1.49% WALMEX 48.15 ▼ 2.67% GMEXICO 224.98 ▲ 0.08% FEMSA 206.61 ▼ 1.45% CEMEX 19.59 ▲ 0.26% GFNORTE 199.53 ▼ 0.13% BIMBO 61.80 ▲ 1.06% TELEVISA 9.93 ▲ 1.43% AMX 20.51 ▲ 0.39% GAP 370.99 ▼ 2.70% ASUR 274.22 ▼ 0.89% OMA 232.42 ▼ 1.59% KOF 186.91 ▼ 1.16% GRUMA 254.93 ▲ 0.01% KIMBER 40.38 ▼ 0.93% SQM-B 66,872 ▲ 1.65% COPEC 6,200 ▲ 1.39% BSANTANDER 81.15 ▲ 1.24% FALABELLA 6,468 ▼ 0.02% ENELAM 87.57 ▲ 0.19% CENCOSUD 2,035 ▼ 0.74% CMPC 1,045 ▲ 1.45% BANCO CHILE 189.72 ▲ 0.57% LATAM AIR 24.98 ▼ 3.18% YPF 8,090 ▲ 4.05% GGAL 7,290 ▼ 0.34% PAMPA 5,240 ▲ 0.67% TXAR 745.50 ▲ 4.19% ALUAR 935.50 ▲ 0.11% TGS 9,275 ▲ 1.53% CEPU 2,180 ▼ 1.27% MIRGOR 1,600 ▼ 1.84% COME 42.30 ▲ 2.40% LOMA NEGRA 3,238 ▼ 0.84% BYMA 287.50 ▼ 1.20% TELECOM ARG 4,550 ▲ 3.88% ECOPETROL 17.27 ▲ 2.92% BANCOLOMBIA 91.62 ▲ 3.12% GRUPO AVAL 5.25 ▲ 3.75% CREDICORP 385.24 ▼ 0.44% SOUTHERN COPPER 201.10 ▲ 1.02% BUENAVENTURA 34.50 ▲ 1.02% MERCADOLIBRE 1,825 ▲ 0.24% NUBANK 13.96 ▲ 0.83% XP 16.25 ▲ 0.06% PAGSEGURO 9.15 ▲ 0.05% STONE 10.45 ▼ 1.46% GLOBANT 38.85 ▲ 3.88% TECNOGLASS 41.80 ▼ 5.30% GAP AIRPORT 217.05 ▼ 2.54% ASUR 274.22 ▼ 0.89% OMA AIRPORT 108.37 ▼ 1.87% AMX ADR 23.91 ▲ 0.65% FEMSA ADR 120.38 ▼ 1.70% CEMEX ADR 11.42 ▲ 0.75% PETROBRAS ADR 18.51 ▲ 3.03% VALE ADR 14.80 ▲ 0.58% ITAU ADR 7.90 ▼ 0.57% SANTANDER BR 5.78 ▼ 0.52% AMBEV ADR 2.95 ▼ 1.67% CSN 0.90 ▼ 2.91% GERDAU 4.95 ▲ 0.20% LATAM ADR 54.40 ▼ 4.10% BTC 63,841 ▼ 1.55% ETH 1,871 ▼ 1.98% SOL 75.81 ▼ 0.53% XRP 1.02 ▼ 1.15% BNB 599.70 ▼ 0.34% ADA 0.19 ▼ 0.74% DOGE 0.07 ▲ 0.54% AVAX 6.48 ▲ 0.98% LINK 8.21 ▲ 0.43% DOT 0.80 ▲ 0.33% LTC 45.10 ▼ 0.67% BCH 213.41 ▼ 0.52% TRX 0.33 ▲ 0.32% XLM 0.16 ▼ 0.13% HBAR 0.07 ▼ 1.11% NEAR 1.60 ▲ 0.30% ATOM 1.41 ▲ 2.47% AAVE 89.50 ▼ 1.16% SELIC 14.00% EMBRAER 95.75 ▲ 3.49% EMBRAER ADR 74.57 ▲ 2.13% JBS 13.81 ▼ 2.99% JBS BDR 70.54 ▼ 2.15% MBRF3 15.77 ▼ 1.87% MBRFY 3.03 ▼ 2.88% INTER 5.38 ▲ 1.99% EGX 54,876 ▼ 0.45% USD/ZAR16.19▲ 0.33% USD/NGN1,359▼ 0.14% NIKKEI 66,970 ▲ 2.08% CSI300 4,702 ▲ 0.16% HSI 25,937 ▲ 1.05% NIFTY 24,584 ▲ 0.05% KOSPI 6,300 ▲ 0.65% JCI 6,365 ▼ 0.69% USD/JPY159.15▲ 0.93% USD/CNY6.73▼ 0.19% DAX 26,324 ▲ 0.02% CAC 8,726 ▲ 0.13% FTSE 10,863 ▼ 0.35% MIB 53,664 ▼ 0.10% IBEX 20,173 ▼ 0.01% STOXX 660.45 ▲ 0.03% EUR/USD1.15▼ 0.11% GBP/USD1.35▲ 0.13% SPX 7,750 ▼ 0.10% DJI 53,877 ▼ 0.30% NDX 29,641 ▼ 0.27% RUT 3,016 ▼ 0.60% TSX 36,492 ▲ 0.30% VIX 15.34 ▲ 2.95% USD/CAD1.39▼ 0.08% US10Y 4.6990 ▲ 0.84% IBOV 172,209.95 ▼ 0.18% IPSA 11,265.58 ▲ 0.08% IPC MEX 66,938.64 ▲ 0.82% MERVAL 3,101,754 ▲ 0.49% COLCAP 2,371.05 ▲ 0.88% BVL PERÚ 59,581.33 ▼ 0.06% USD/BRL 5.12 ▲ 0.61% USD/MXN 17.14 ▲ 0.04% USD/CLP 915.52 ▲ 0.30% USD/COP 3,132 ▼ 0.72% USD/PEN 3.37 ▼ 0.40% USD/ARS 1,498 ▼ 0.05% USD/UYU 40.25 ▼ 0.06% USD/PYG 5,922 ▲ 0.04% USD/BOB 11.80 ▲ 0.17% USD/DOP 58.12 ▲ 0.02% USD/CRC 447.88 ▼ 0.54% USD/GTQ 7.62 ▼ 0.06% USD/HNL 26.78 ▼ 0.01% USD/NIO 36.62 — 0.00% USD/VES 755.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.24% USD/TTD 6.68 ▲ 0.55% EUR/BRL 5.90 ▲ 0.47% BRENT 87.79 ▲ 5.07% WTI 82.15 ▲ 5.08% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.62% GOLD 4,424 ▲ 1.92% SILVER 65.26 ▲ 3.04% SOY 1,180 ▲ 2.05% CORN 462.00 ▲ 5.24% WHEAT 639.50 ▼ 0.04% COFFEE 335.20 ▼ 0.10% SUGAR 16.46 ▲ 0.06% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.05 ▲ 1.00% COCOA 6,018 ▲ 4.08% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.62 ▲ 0.82% PETR4 42.33 ▲ 3.57% VALE3 75.86 ▲ 1.19% ITUB4 40.54 ▼ 0.52% BBDC4 17.27 ▼ 0.23% ABEV3 15.30 ▼ 1.16% BBAS3 20.10 ▲ 0.20% B3SA3 14.72 ▼ 1.54% WEGE3 47.69 ▼ 0.89% PRIO3 60.57 ▲ 5.43% SUZB3 41.57 ▼ 0.31% RENT3 36.60 ▼ 3.23% AZZA3 16.69 ▼ 1.88% CSAN3 3.54 ▼ 3.54% RAIZ4 0.26 — 0.00% PCAR3 2.87 ▼ 1.71% GMAT3 3.67 ▼ 1.61% PSSA3 49.69 ▼ 1.45% CVCB3 1.41 ▼ 7.24% POSI3 3.48 ▼ 1.42% SLCE3 13.30 ▲ 0.61% NATU3 8.08 ▼ 2.42% BRKM5 5.79 ▼ 2.53% RANI3 8.03 ▼ 2.38% CSNA3 4.49 ▼ 1.75% CMIN3 5.42 ▼ 0.55% USIM5 7.11 ▼ 0.56% GGBR4 25.16 ▲ 0.44% ENEV3 25.39 ▼ 3.02% CPFE3 44.57 ▼ 0.51% CMIG4 10.64 ▼ 2.56% EQTL3 36.70 ▼ 1.56% LREN3 12.08 ▼ 2.50% VIVT3 30.50 ▼ 0.26% RAIL3 13.33 ▼ 1.91% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.45 ▼ 3.81% RDOR3 34.09 ▲ 0.50% HAPV3 10.39 ▼ 3.53% FLRY3 18.66 ▼ 1.53% SMTO3 15.09 ▲ 2.17% UGPA3 31.05 ▼ 0.74% VBBR3 33.35 ▼ 2.57% BBSE3 38.15 ▼ 0.60% BPAC11 53.85 ▲ 1.35% CURY3 31.42 ▲ 0.19% AERI3 2.31 ▲ 0.87% VIVARA 21.72 ▲ 0.42% COMPASS 22.90 ▲ 0.31% VAMOS 2.95 ▼ 4.22% SANB11 29.18 ▼ 0.31% ASAI3 8.09 ▼ 1.82% SBSP3 26.49 ▼ 1.49% WALMEX 48.15 ▼ 2.67% GMEXICO 224.98 ▲ 0.08% FEMSA 206.61 ▼ 1.45% CEMEX 19.59 ▲ 0.26% GFNORTE 199.53 ▼ 0.13% BIMBO 61.80 ▲ 1.06% TELEVISA 9.93 ▲ 1.43% AMX 20.51 ▲ 0.39% GAP 370.99 ▼ 2.70% ASUR 274.22 ▼ 0.89% OMA 232.42 ▼ 1.59% KOF 186.91 ▼ 1.16% GRUMA 254.93 ▲ 0.01% KIMBER 40.38 ▼ 0.93% SQM-B 66,872 ▲ 1.65% COPEC 6,200 ▲ 1.39% BSANTANDER 81.15 ▲ 1.24% FALABELLA 6,468 ▼ 0.02% ENELAM 87.57 ▲ 0.19% CENCOSUD 2,035 ▼ 0.74% CMPC 1,045 ▲ 1.45% BANCO CHILE 189.72 ▲ 0.57% LATAM AIR 24.98 ▼ 3.18% YPF 8,090 ▲ 4.05% GGAL 7,290 ▼ 0.34% PAMPA 5,240 ▲ 0.67% TXAR 745.50 ▲ 4.19% ALUAR 935.50 ▲ 0.11% TGS 9,275 ▲ 1.53% CEPU 2,180 ▼ 1.27% MIRGOR 1,600 ▼ 1.84% COME 42.30 ▲ 2.40% LOMA NEGRA 3,238 ▼ 0.84% BYMA 287.50 ▼ 1.20% TELECOM ARG 4,550 ▲ 3.88% ECOPETROL 17.27 ▲ 2.92% BANCOLOMBIA 91.62 ▲ 3.12% GRUPO AVAL 5.25 ▲ 3.75% CREDICORP 385.24 ▼ 0.44% SOUTHERN COPPER 201.10 ▲ 1.02% BUENAVENTURA 34.50 ▲ 1.02% MERCADOLIBRE 1,825 ▲ 0.24% NUBANK 13.96 ▲ 0.83% XP 16.25 ▲ 0.06% PAGSEGURO 9.15 ▲ 0.05% STONE 10.45 ▼ 1.46% GLOBANT 38.85 ▲ 3.88% TECNOGLASS 41.80 ▼ 5.30% GAP AIRPORT 217.05 ▼ 2.54% ASUR 274.22 ▼ 0.89% OMA AIRPORT 108.37 ▼ 1.87% AMX ADR 23.91 ▲ 0.65% FEMSA ADR 120.38 ▼ 1.70% CEMEX ADR 11.42 ▲ 0.75% PETROBRAS ADR 18.51 ▲ 3.03% VALE ADR 14.80 ▲ 0.58% ITAU ADR 7.90 ▼ 0.57% SANTANDER BR 5.78 ▼ 0.52% AMBEV ADR 2.95 ▼ 1.67% CSN 0.90 ▼ 2.91% GERDAU 4.95 ▲ 0.20% LATAM ADR 54.40 ▼ 4.10% BTC 63,841 ▼ 1.55% ETH 1,871 ▼ 1.98% SOL 75.81 ▼ 0.53% XRP 1.02 ▼ 1.15% BNB 599.70 ▼ 0.34% ADA 0.19 ▼ 0.74% DOGE 0.07 ▲ 0.54% AVAX 6.48 ▲ 0.98% LINK 8.21 ▲ 0.43% DOT 0.80 ▲ 0.33% LTC 45.10 ▼ 0.67% BCH 213.41 ▼ 0.52% TRX 0.33 ▲ 0.32% XLM 0.16 ▼ 0.13% HBAR 0.07 ▼ 1.11% NEAR 1.60 ▲ 0.30% ATOM 1.41 ▲ 2.47% AAVE 89.50 ▼ 1.16% SELIC 14.00% EMBRAER 95.75 ▲ 3.49% EMBRAER ADR 74.57 ▲ 2.13% JBS 13.81 ▼ 2.99% JBS BDR 70.54 ▼ 2.15% MBRF3 15.77 ▼ 1.87% MBRFY 3.03 ▼ 2.88% INTER 5.38 ▲ 1.99% EGX 54,876 ▼ 0.45% USD/ZAR 16.20 ▲ 0.46% USD/NGN 1,359 ▼ 0.24% NIKKEI 66,970 ▲ 2.08% CSI300 4,702 ▲ 0.16% HSI 25,937 ▲ 1.05% NIFTY 24,584 ▲ 0.05% KOSPI 6,300 ▲ 0.65% JCI 6,365 ▼ 0.69% USD/JPY 159.18 ▲ 0.91% USD/CNY 6.7345 ▼ 0.04% DAX 26,324 ▲ 0.02% CAC 8,726 ▲ 0.13% FTSE 10,863 ▼ 0.35% MIB 53,664 ▼ 0.10% IBEX 20,173 ▼ 0.01% STOXX 660.45 ▲ 0.03% EUR/USD 1.1545 ▼ 0.15% GBP/USD 1.3509 ▲ 0.12% SPX 7,750 ▼ 0.10% DJI 53,877 ▼ 0.30% NDX 29,641 ▼ 0.27% RUT 3,016 ▼ 0.60% TSX 36,492 ▲ 0.30% VIX 15.34 ▲ 2.95% USD/CAD 1.3944 ▲ 0.06% US10Y 4.6990 ▲ 0.84%
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Monday, August 10, 2026

Defense Monitor East Asia

Taiwan Unveils First Homegrown Submarine

By · September 28, 2023 · 2 min read

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Taiwan recently displayed its first domestically-made submarine, boosting its defense arsenal.

President Tsai Ing-wen initiated this project back in 2016, aiming to build eight submarines.

Named “Hai Kun,” which means “mythical sea creature,” the vessel made its debut in Kaohsiung, a southern port city.

Tsai celebrated the event, saying, “Today is historic. We’ve achieved a task once thought impossible: constructing a homegrown submarine.”

This initiative is part of Taiwan’s larger plan to raise its defense budget to $19 billion by 2024. Most of these funds will go toward buying military gear, largely from the U.S.

China’s Ministry of Defense criticized Taiwan’s strategy. The spokesperson emphasized China’s territorial claim over Taiwan and its escalated military activities around the island.

Taiwan Unveils First Homegrown Submarine. (Photo Internet reproduction)
Taiwan Unveils First Homegrown Submarine. (Photo Internet reproduction)
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Cheng Wen-lon, head of CSBC Corp, led the submarine’s seven-year construction process. He stated, “This vessel will be a key asset in asymmetric warfare.”

Hai Kun is 80 meters long and weighs between 2,500 to 3,000 tons. The submarine features Lockheed Martin torpedoes and combat systems.

Taiwan will test the submarine extensively, aiming for full operation by 2025. Meanwhile,

Taiwan’s navy currently uses two older Swordfish-type submarines bought from the Netherlands in the 1980s.

Background Taiwan Submarine

The unveiling of Hai Kun marks a significant milestone in Taiwan’s defense capabilities.

This move showcases the island’s focus on self-reliance, particularly amid increasing regional tensions.

Moreover, it also highlights the importance of U.S.-Taiwan relations, given the American technology featured in the submarine.

The increased defense budget indicates Taiwan’s strategic shift toward fortifying its military resources.

This is crucial given China’s amplified activities in the region. Yet, China’s stern reaction to the submarine might indicate an even more complex geopolitical landscape in the near future.

For Taiwan, Hai Kun is more than just a vessel; it’s a statement of intent and sovereignty.

As defense budgets globally experience unprecedented increases, Taiwan’s investment in its military, and particularly in such strategic assets like submarines, will likely continue to draw international attention.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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