PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Hon Hai Precision Industry (2317 TT) Co. reported May consolidated sales rose 39.57% Y/Y to TWD 859.41bln, the highest sales for May

TAIWAN

Hon Hai Precision Industry (2317 TT) - Co. reported May consolidated sales rose 39.57% Y/Y to TWD 859.41bln, the highest sales for May, on robust global demand for AI applications. (Focus Taiwan)

Other News

Taiwan said central and local government officials will be barred from attending the annual Straits Forum in China later this month, expanding a ban that previously applied only to central government personnel. (Focus Taiwan)

Taiwan President Lai Ching-te said the country aims to transform its capital market into an Asian equivalent of the tech-heavy Nasdaq market so startups from around the world can raise funds in Taiwan and seek opportunities to work with local counterparts. (Focus Taiwan)

SINGAPORE

SIA Engineering (SIE SP) - Co. partnered Safran Aircraft Engines in a USD 118mln joint venture to set up a full-fledged aircraft engine shop in Singapore. (Business Times)

Singapore Telecommunications (ST SP) - Co. will partner Digital Industry Singapore to strengthen its capabilities in AI-enabled operations. (Business Times)