PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Tech stocks are selling off in Asia following underperformance in the Nasdaq and with the sector hit on reports of China starting mass production of domestically developed DUV lithography equipment
Asian tech stocks fell on reports of China's domestic DUV mass production and Nasdaq weakness. Taiwan's business demand remains strong despite low consumer confidence, while Singapore REIT H1 results were mixed.
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TAIWANTech – Tech stocks are selling off in Asia following underperformance in the Nasdaq and with the sector hit on reports of China starting mass production of domestically developed DUV lithography equipment, marking another advance for its domestic semiconductor manufacturing industry.Other NewsTaiwan's consumer confidence index fell 0.47 points M/M to 64.58 in July, as sentiment was weighed by a sharp sell-off in the local stock market earlier this month. (Focus Taiwan)Taiwan's main business monitoring indicator remained at a "red" level for a seventh consecutive month in June, with the composite monitoring indicator rising two points M/M to 41, supported by robust AI-driven export and investment demand. (Focus Taiwan)SINGAPORECapitaLand Ascott Trust (CLAS SP) - Co. H1 (SGD) rev. was 370.9mln (prev. 398.5mln Y/Y), income available for distribution to stapled securityholders was 107.1mln (prev. 96.5mln Y/Y) and total distribution was 97.5mln (prev. 96.5mln Y/Y). (Dow Jones Newsplus)ESR-REIT (EREIT SP) - Co. H1 (SGD) net property income was 162.7mln (prev. 166.3mln Y/Y), rev. was 222.3mln (prev. 222.9mln Y/Y), amount available for distribution was 93.0mln (prev. 90.1mln Y/Y), total DPU was 11.510 Singapore cents (prev. 11.239 Singapore cents Y/Y) and core DPU was 11.250 Singapore cents (prev. 10.765 Singapore cents Y/Y), with the manager expecting core DPU to continue benefiting from a more resilient and higher-quality portfolio. (Dow Jones Newsplus)Keppel Infrastructure Trust (KIT SP) - Co. H1 (SGD) net was 21.57mln (prev. 60.02mln Y/Y) and rev. was 1.27bln (prev. 1.12bln Y/Y), with a fair-value loss on investments and the absence of divestment gains weighing on net profit. (Dow Jones Newsplus)
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