Global Markets Mixed as Baidu Plunges on AI Controversy and Taiwan Election Affirms Independence
• European markets opened lower while Asian markets were mostly higher on Monday • U.S. markets closed for holiday; China's central bank kept policy rate unchanged, surprising observers • Baidu stock plunged 11.5% on report linking AI platform to Chinese military research • Tokyo's Nikkei briefly surpassed 36,000 mark for first time in 34 years before closing up 0.9% • Taiwan's presidential election won by ruling party's Lai Ching-te, which rejects China's sovereignty claims over Taiwan