Eric Chu, the Nationalist Party candidate in Taiwan's presidential election, concedes defeat
Official election results have not yet been announced
Election may unsettle relations with giant neighbor China
Taipei (CNN)— Taiwan appears to have its first female president in a landmark election that could unsettle relations with Beijing.
Eric Chu, the Nationalist Party candidate in Taiwan's presidential election conceded defeat late Saturday and congratulated rival Tsai Ing-wen on her victory, state-run Central News Agency reported.
Her supporters filled streets, waving party banners and cheering to victory announcements made from a stage. Official election results have not yet been announced.
Voters lined up at polling stations, and when they closed, surveys suggested that Tsai Ing-wen, leader of the opposition Democratic Progressive Party (DPP), would win the presidential vote by a significant margin after eight years under the government of the pro-China Kuomintang (KMT) or Nationalist Party.
The ruling party was also in danger of losing control of the legislature for the first time in parliamentary elections, with a record 556 candidates in the race for 133 seats
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