PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Tech stocks in focus following the selling pressure stateside

JAPAN Mazda Motor (7261 JT) - Co. is reshoring part of its wiring harness production after developing an automated assembly process with supplier Yazaki, initially targeting components for the CX-5 SUV. (Nikkei) Recruit Holdings (6098 JT) - Co. plans to sell its Study Sapuri online learning service as it reduces its education business and focuses on core human resources operations, including Indeed. (Nikkei) Tokyo Gas (9531 JT) - Co. is expanding into floating LNG import terminals in Southeast Asia, participating in a Philippine project as a stepping stone towards Malaysia, Vietnam and Indonesia. (Nikkei) Toyota Motor (7203 JT) - Co. unveiled a 10-passenger jeepney version of its Tamaraw multipurpose vehicle in the Philippines, targeting everyday public transportation. (Nikkei) Tech Japan plans to invest USD 21bln in up to two semiconductor factories in New York, jointly owned by US and Japanese interests and operated by GlobalFoundries (GFS), as part of a USD 550bln investment agreement between Tokyo and Washington. (Nikkei) Other News Japan’s government is considering nuclear-powered submarines as part of an update to its national security policies. (Nikkei) Japan’s Economy Ministry aims to expand domestic spaceport launch facilities to support a target of 30 rocket launches annually by the early 2030s. (Nikkei) SOUTH KOREA Hyundai Motor (005380 KS) - Co. completed its new Pune plant in India, with annual production capacity of 170k vehicles set to increase to 320k by 2030. (Yonhap) S-1 Corporation (012750 KS) - Co. Q3 (KRW) net rose 2.6% Y/Y to 49.5bln, operating profit rose 5.3% Y/Y to 65.4bln, rev. rose 2.6% Y/Y to 716.7bln; Co. offers to buy back 4.5mln shares for KRW 450bln. (Yonhap/Newswires) Tech Samsung Electronics (005930 KS) and SK hynix (000660 KS) were down around 6% in pre-market trading following tech-led declines in the US. Other News BoK Governor Shin met with PBoC Governor Pan and BoJ Governor Ueda in Bangkok and discussed recent economic and financial developments across the three countries. (Yonhap)