PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Nasdaq underperformed in the US following Alphabet and Tesla earnings, while KOSPI leads the declines overnight

TAIWANChina Steel Corp (2002 TT) - Co. Q2 (TWD) pretax profit was 3.31bln (prev. loss 2.69bln Y/Y), following a pretax loss of 967mln in Q1. (Taipei Times)Tech – Nasdaq underperformed in the US following Alphabet and Tesla earnings, while Asia-Pac follows suit to the losses stateside with KOSPI frontrunning the declines.Other NewsTaiwan’s Cabinet approved a project to extend the High Speed Rail from Taipei to Yilan, which is expected to significantly shorten travel time between the two areas. (Taipei Times)SINGAPOREMapletree Industrial Trust (MINT SP) - Co. Q1 (SGD) net property income fell 8.5% Y/Y to 122.28mln, while the amount available for distribution fell 3.5% Y/Y to 92.26mln. (Dow Jones Newsplus)Suntec REIT (SUN SP) - Co. H1 (SGD) net property income fell 0.3% Y/Y to 158.97mln, rev. rose 1.9% Y/Y to 238.86mln, distribution income from operations rose 25.5% Y/Y to 116.50mln and distribution per unit rose 24.8% Y/Y to SGD 0.03936. (Dow Jones Newsplus)Other News - GIC plans to deploy USD 30bln into hedge funds over the next three years, targeting global macro, quantitative, multistrategy and specialist funds after tripling its hedge-fund investments over the past decade. (Dow Jones Newswires)