PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Frasers Centrepoint Trust (FCT SP) agreed to divest White Sands for SGD 467mln; Nasdaq led the advances in the US yesterday as tech outperformed, and along with the S&P 500 posted its best quarter in six years
Dispute over the opening of the Strait of Hormuz drove a wedge into US-Saudi relations, with Trump threatening to halt supply of drone and missile interceptors after Saudi refused access to bases and airspace for Project Freedom, according to WSJ
Iran's top negotiator and Parliamentary Speaker Ghalibaf says Iran has exported 40mln bbls of oil in less than two weeks
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Frasers Centrepoint Trust (FCT SP) agreed to divest White Sands for SGD 467mln; Nasdaq led the advances in the US yesterday as tech outperformed, and along with the S&P 500 posted its best quarter in six years
Singaporean URA Property Index QoQ Prel (Q2) Q/Q 0.5% (Prev. 0.9%)
Malaysian S&P Global Manufacturing PMI (Jun) 50.70 (Prev. 49.90)
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TAIWAN
Asia Neo Tech Industrial (4576 TT) - Co. secured a licensing agreement with Brooks Automation to supply wafer pod cleaning equipment and related technologies for a one-time USD 16mln licensing fee and subsequent royalties. (Taipei Times)
Energy - CPC Corp will keep July natural gas prices unchanged for residential and industrial users, while cutting prices for utility users by 4.72%. (Focus Taiwan)
Tech - Nasdaq led the advances in the US during the prior day amid outperformance in tech, and along with the S&P 500 posted its biggest quarterly gains in six years, while futures take a breather overnight.
Other News
- Taiwan’s commercial property market remained buoyant in Q2 as semiconductor and AI-related demand drove factory acquisitions. (Taipei Times)
- Taiwan’s manufacturing business sentiment rose to its highest since March 2025 in May, supported by AI-driven demand and easing Middle East tensions. (Taipei Times)
SINGAPORE
Frasers Centrepoint Trust (FCT SP) - Co. agreed to divest White Sands for SGD 467mln and intends to use the net proceeds to repay debt. (Dow Jones Newswires)
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