The prospect of the first island-wide democratic election the next year, together with Lee's June 1995 visit to Cornell University, sparked the Third Taiwan Strait Crisis. The previous eight presidents and vice presidents of the ROC had been elected by the members of the National Assembly. For the first time the President of the ROC would be elected by majority vote of Taiwan's population. The PRC conducted a series of missile tests in the waters surrounding Taiwan and other military maneuvers off the coast of Fujian in response to what Communist Party leaders described as moves by Lee to "split the motherland". The PRC government launched another set of tests just days before the election, sending missiles over the island to express its dissatisfaction should the Taiwanese people vote for Lee. The military actions disrupted trade and shipping lines and caused a temporary dip in the Asian stock market. Ironically, the 1996 missile launches boosted support for Lee instead. Lee's overall stance on Taiwanese independence during the election cycle was characterized as "deliberately vague".