Taiwan's news day is dominated by a food safety scandal and a warning sign in global bond markets — bad news for consumers and borrowers alike, mixed news for the island's chip sector.

• Prosecutors charged four companies and 15 people, including the chairman of Central Union Oil, over contaminated cooking oil, and say the cover-up ran for three years.
• Long-term government bond yields jumped in the U.S., Japan, and Europe as inflation sticks around, rate hikes look more likely, and governments keep spending beyond their means.
• TSMC is seeing a surge in orders for its advanced chip packaging, with Intel lending support — a strong signal for AI chip demand.
• Taiwan's stock market opened lower and the U.S. dollar slipped against the local currency.
• A military satellite launch vehicle destroyed itself after a test went wrong, and a tropical storm may form near Guam with an unclear path toward Taiwan.

Outlook: Rising bond yields abroad and a softer opening at home suggest more pressure on Taiwan's markets, while the oil case heads toward a high-profile trial.