PRE-MARKET AUSTRALIAN & SOUTH KOREAN STOCK NEWS: Samsung Electronics (005930 KS) is expected to unveil a lineup of new products, including foldable smartphones and smart glasses, during its Galaxy Unpacked event this week, Japanese markets are closed
AUSTRALIA
EQ Resources (EQR AT) - Fortescue Metals (FMG AT) executive chairman Andrew Forrest has bought a 16.8% stake in tungsten mining company EQ Resources. (The Australian)
Perenti (PRN AT) - Co. agreed a transition plan for Ghana's Iduapriem gold mine, including the sale of its mining fleet to AngloGold Ashanti, with its subsidiary expecting proceeds of AUD 30mln-40mln and a JV to provide mining services for about six months. (Dow Jones Newsplus)
South32 (S32 AT) - Co. said Q4 sales volumes rose 15% and several commodities exceeded FY26 production guidance, while FY27 production guidance for Australia Manganese will be revised alongside its FY26 results and all other FY27 production guidance remains unchanged. (Dow Jones Newsplus)
St Barbara (SBM AT) - Co. reported Q4 New Simberi gold output of 7,329 oz, attributable gold sales of 6,700 oz and an average gold price of AUD 6,314/oz, with cash, bullion and listed investments of AUD 509mln at end-June. (Dow Jones Newsplus)
SOUTH KOREA
Samsung Biologics (207940 KS) - Co. announced an all-cash offer to acquire PolyPeptide to accelerate its multi-modality strategy and expand its global network across the US, Europe and India. (Dow Jones Newsplus)
Samsung Electronics (005930 KS) - Co. is expected to unveil a lineup of new products, including foldable smartphones and smart glasses, during its Galaxy Unpacked event in London this week, industry watchers said. (Yonhap)
SK Hynix (000660 KS) - Co. is scouting US sites to add memory-chip manufacturing capacity, SK Group chairman Chey Tae-won said, noting demand far exceeds supply and current prices are "abnormally" high. (Source)
Other News - South Korea's presidential office policy chief said the government has no plans to delist single-stock leveraged ETFs tied to Samsung Electronics (005930 KS) and SK Hynix (000660 KS), saying removal would cause a large market shock. (JoongAng Ilbo)
Samsung Electronics is poised to reveal new foldable smartphones and smart glasses at its upcoming Galaxy Unpacked event, signaling a potential boost in consumer interest and sales. This rollout could enhance Samsung's competitive position in the tech market, particularly against competitors in the rapidly evolving mobile and wearable segments. For traders, keep an eye on how this impacts stock performance and sector sentiment, especially among Asian equities.