PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Tech stocks in focus following the selling pressure stateside
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PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Tech stocks in focus following the selling pressure stateside
White House official says first White House AI task force meeting is on Thursday
US proposed European countries unfreeze some Russian sovereign assets in an effort to revive peace talks during discussions in Miami last week between Trump's peace negotiators and officials from Ukraine, France, Germany, UK, EU and NATO, according to FT
On the Newsquawk feed at , 20 minutes before this page.
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)
Context
This is the standard Asia session handoff: a tech-led US selloff transmitting directly into the Korean memory complex and Japanese tech at the open, the channel being the shared supply chain and the heavy index weight of Samsung Electronics and SK hynix in the KOSPI. Pre-market declines of the size flagged here in the memory names have historically tracked the prior session's Nasdaq semiconductor moves closely, with the open then deciding whether the move extends or fades on dip-buying; the tell is whether SK hynix underperforms Samsung, which would point to the move being AI-exposure specific rather than broad beta. The GlobalFoundries New York fab item sits within the established pattern of Japanese investment pledges tied to the bilateral trade framework with Washington, where headline sums are large but disbursement is staged and conditional; the precedent on such announcements is a limited read-through to the named operator and equipment names rather than to the broader complex. The Bangkok trilateral between the BoJ, BoK and PBoC governors fits the long-running pattern of regional coordination meetings that rarely produce policy signals, though any reference to FX in subsequent remarks would bear weight given the won and yen's recent sensitivity to official commentary. Single-stock items (Mazda reshoring, Recruit divestment, S-1 buyback, Hyundai India capacity) are incremental and follow familiar corporate-playbook templates. There is little here that changes the macro picture beyond confirmation that Asia tech opens under pressure when US semis lead declines stateside.
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