PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Nasdaq led the declines on Wall St amid underperformance in tech and despite the resilience in most Mag-7 stocks, while the tech selling has rolled over into Asia with the KOSPI triggering a sidecar

TAIWAN

MediaTek (2454 TT) - Co. reportedly locks in Meta (META) as ASIC customer after TPU, according to Citrini Research's Jukan. (X)

Tech – Nasdaq led the declines on Wall St amid underperformance in tech and despite the resilience in most Mag-7 stocks, while the tech selling has rolled over into Asia with the KOSPI triggering a sidecar.

Other News

Taiwan President Lai stressed the importance of international support and Taiwan’s participation in the global community in countering China’s Ethnic Unity and Progress Promotion Law. (Focus Taiwan)

Taiwan’s MOFA reaffirmed stable diplomatic ties with Paraguay, while Foreign Minister Lin Chia-lung emphasised Taiwan’s open trade policy. (Taipei Times)

Taiwan prosecutors detained Super Micro (SMCI) employees over chip exports to China.

SINGAPORE

Koh Brothers Eco Engineering (KOH SP) - Co. received in-principle approval to transfer its listing from the Catalist board to the Singapore Exchange mainboard. (Business Times)

Samudera Shipping Line (SAMU SP) - Co. acquired DBS property holding company Crest10 for SGD 21mln, with Crest10’s principal asset comprising strata commercial units at 6 Raffles Quay. (Business Times)