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

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)