DPP'S LAI CHING-TE EMERGES VICTORIOUS IN TAIWAN'S PRESIDENTIAL ELECTION

Democratic Progressive Party (DPP) candidate Lai Chingte has won the much-anticipated Taiwanese presidential polls and is set to be the next President amid concerns of escalating tensions with China, Taiwan News reported.

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This marks the historic third-straight victory for the DPP after Tsai Ing-wena completed her two terms as Taiwan President since 2016.

According to the Central Election Commission report, Lai received over 5 million votes and more than 40 per cent of the vote share after counting was done from over 90 per cent of polling stations as of 7:45 pm (local time).

Previously undecided voters split three ways among the candidates, giving Lai a seven-point lead over Kuomintang candidate Hou Yu-ih, who received 33 per cent of the total votes.

In third place, the Taiwan People's Party candidate Ko Wen-je took 26 per cent of the national vote, performing marginally better than expected, according to Taiwan News.

Lai, who previously served as Tainan's mayor has pledged to continue bolstering national defense, the economy, and cooperation with democratic allies. He also said he would maintain deterrence and uphold the cross-strait status quo, during an election speech.