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
Newsquawk Staff ·
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)
- US Market Wrap: Stocks gain as tech earnings begin
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- Ukrainian President Zelensky says supports US proposal for trilateral talks at level of negotiators as soon as possible; Ukraine hopes for meeting not later than early November; Meeting could discuss peace and possible leaders’ summit
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure
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