Tang bows out with president's blessing

"Tang's resignation has brought about an unprecedented constitutional crisis and political instability," Soong said at a press conference.

Meanwhile, financial officials last night said that the National Stabilization Fund (國安基金) has been activated to dampen any stock market instability due to Tang's resignation.

Military spokesman Huang Sui-sheng (黃穗生) added that the military would also keep a close eye on the cross-strait situation.