PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) August revenue rose 53.3% Y/Y to a record TWD 514.8bln
TSMC posted record August revenue up 53.3% Y/Y, Acer cautiously managed component inventories, and Singapore Exchange saw securities daily turnover surge 35% Y/Y amid retail interest.
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TAIWAN Acer (2353 TT) - Co. is cautiously maintaining inventories of key components, including solid-state drives, DRAM chips, CPUs, panels and batteries, to cushion the impact of rising prices. (Taipei Times) Taiwan Semiconductor Manufacturing Co. (2330 TT) - Co. reported August revenue rose 53.3% Y/Y and 10.1% M/M to a record TWD 514.806bln, driven by robust AI-related demand and new smartphone launches. (Focus Taiwan) Tech – Nasdaq 100 retreated as stocks were pressured alongside higher yields and a surge in oil prices, while futures are range-bound overnight and attempt to nurse some losses. SINGAPORE Singapore Exchange (SGX SP) - Co. reported August securities daily average value rose 35% Y/Y to SGD 2.2bln, while total securities market turnover rose 29% Y/Y to SGD 43.3bln, supported by robust retail interest in REITs and small- to mid-cap stocks alongside a record rally in the Straits Times Index. (Business Times)
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