PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: MAS surprisingly tightened FX-based policy; Nasdaq underperformed during Wall St trade on Friday, although futures are underpinned in Asia-Pac trade following the US halt of strikes on Iran

TAIWANFormosa Petrochemical (6505 TT) - Co. will raise gasoline and diesel prices by TWD 0.7/litre and TWD 0.5/litre, respectively, this week, citing elevated oil prices driven by geopolitical tensions, while CPC Corp also announced similar increases in domestic gasoline and diesel prices. (Taipei Times)Tech - Nasdaq underperformed during Wall St trade on Friday, although futures are underpinned in Asia-Pac trade following the US halt of strikes on Iran. (Newswires)Other NewsTaiwan Institute of Economic Research raised its forecast for GDP growth to 10.38% from 7.56% in April. (Taipei Times)SINGAPORESingapore Airlines (SIA SP) - Co. executives faced shareholder scrutiny over its stake in Air India at the annual general meeting on 24 July. (Straits Times)Singtel (ST SP) - Co. said it is supportive of a potential listing of its Indian data centre business to fund further expansion of its digital infrastructure operations. (Straits Times)Other NewsMonetary Authority Singapore unexpectedly tightened its FX-based policy by slightly raising the rate of appreciation of the SGD NEER policy band, while it made no change to the width and level it is centred. (Newswires)