Australia wants 'region where no one country dominates': FM Wong

MELBOURNE -- Australia and Southeast Asia face shared risks as tensions rise over the South China Sea and Taiwan, Australian Foreign Minister Penny Wong said Monday, warning the potential fallout from the China-U.S. rivalry could be "devastating" to the region.

Opening the ASEAN-Australia Special Summit in Melbourne, Wong touched on Australia's close relationship with the regional bloc and opportunities for shared prosperity through trade and investment, before turning to concerns over maritime security.