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Taiwan's Ruling Nationalist Party Concedes Defeat

Taiwan's ruling Nationalist Party (KMT) has conceded defeat in a presidential election held Saturday that is set to bring historic changes to one of Asia’s most vibrant democracies. In a speech hours after voting ended, KMT candidate Eric Chu apologized for failure and congratulated his opponent, Tsai Ing-wen of the opposition Democratic Progressive Party (DPP). "We've lost," Chu said. "The KMT has suffered an election defeat. We haven't worked hard enough...

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