PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech weakness rolled over into Asia following the underperformance of the sector and Nasdaq 100 stateside
Tech weakness and AI server export indictments impacted Taiwan, while Singapore firms announced debt issuance and competitive updates.
News detail
TAIWAN Tech Nasdaq 100 underperformed during US trade amid tech weakness, while the tech-related pressure rolled over into Asia. Nine people, including employees of NVIDIA and Super Micro Computer, have been indicted over the alleged illegal export of AI servers to China. (Taipei Times) Other News Heavy rain triggered widespread flooding, landslides and damage across central, southern and eastern Taiwan, disrupting travel and prompting mass evacuations. (Taipei Times) SINGAPORE Frasers Property (FPL SP) - Wholly owned subsidiary Frasers Property Treasury proposed issuing SGD 150mln of 3.5% fixed-rate notes under its SGD 5bln multicurrency debt-issuance programme. (Business Times) UltraGreen.ai (ULG SP) - Co. will calibrate its commercial response to new US competitors based on their pricing, distribution approach and customer proposition, but said it is premature to assess the potential market impact or specify its response. (Business Times)
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