PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Nasdaq underperformed during the prior Wall St session amid continued selling in tech and communication stocks, while the tech-heavy Asia-Pac indices retreat overnight
Japanese Trade Minister Akazawa affirms there are various factors that drive FX rates, but makes no specific comment, adds need to monitor and respond to FX impact on small firms
Canadian PM Carney says agreed with Alberta that the best route for a new pipeline is south through the Trans Mountain corridor to the Pacific coast, while government, Alberta and Oil Sands Alliance agreed on terms to launch pathways project
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Nasdaq underperformed during the prior Wall St session amid continued selling in tech and communication stocks, while the tech-heavy Asia-Pac indices retreat overnight
New Zealand PM Luxon announces that Indian PM Modi will make his first official visit to New Zealand next week
Japanese S&P Global Services PMI Final (Jun) 52.2 vs. Exp. 51.8 (Prev. 50.0)
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TAIWAN
Cathay Financial Holding (2882 TT) - Co. will ban senior managers across subsidiaries from holding outside directorships or concurrent positions following a scandal that led to the resignation of its banking chief and millions of dollars in payouts. (Taipei Times)
KGI Securities (6008 TT) - Co. announced an exclusive strategic partnership with Fundstrat Global Advisors to enhance its overseas investment research capabilities and sub-brokerage business. (Taipei Times)
Tech – Nasdaq underperformed during the prior Wall St session amid continued selling in tech and communication stocks, while the tech-heavy Asia-Pac indices retreat overnight.
Other News
Super Micro Computer (SMCI) denied reports its Taiwan office was raided by authorities, saying it is cooperating with an ongoing Taiwanese investigation into the alleged illegal diversion of AI servers equipped with advanced NVIDIA (NVDA) chips. (Focus Taiwan)
SINGAPORE
Frasers Property (FPL SP) - Co. said Soon Su Lin will step down as CEO of Frasers Property Singapore, with Tan Wee Hsien named as her successor. (Taipei Times)
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