PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech stocks are in focus with Nasdaq 100 futures underpinned and Asian chipmakers are also lifted following NVIDIA’s earnings beat and guidance of 70% revenue growth for next fiscal year
Asian tech stocks and regional infrastructure gained momentum driven by NVIDIA's strong earnings beat, Taiwan packaging capacity commitments, and upgraded economic growth forecasts.
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TAIWAN Largan Precision (3008 TT) - Co. purchased land and a building in Taichung for TWD 3.08bln to expand production, marking its fourth land acquisition this year. (Taipei Times) Powertech Technology (6239 TT) - Co. said its advanced fan-out panel-level packaging production line has secured 100% utilisation through 2030 ahead of scheduled volume production next year. (Taipei Times) Tech – Nasdaq 100 futures were underpinned and Asian chipmakers are also lifted following NVIDIA’s earnings beat and guidance of 70% revenue growth for next fiscal year. Other News Morgan Stanley raised its forecast for Taiwan's 2026 economic growth to 11.6% from 8.9%. (Taipei Times) SINGAPORE ST Engineering (STE SP) - Co. unit won a SGD 750mln contract for a Taiwan metro line. (Straits Times)
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