PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Super Micro Computer Inc.'s (SMCI) Taiwan office was raided; Nasdaq outperformed on Wall St amid strength in tech and telecommunications, although futures slightly pull back, KOSPI and Nikkei wiped out early gains

TAIWAN

EVA Air (2618 TT) - Co. aims to launch direct flights to Delhi by year-end. (Focus Taiwan)

Banks – The sector slightly increased overseas lending in Q1, with foreign claims rising 2.5% Q/Q to USD 702.55bln, mainly driven by higher US exposure while China exposure edged lower. (Taipei Times)

Tech

Nasdaq outperformed on Wall St amid strength in tech and telecommunications, although futures marginally pulled back overnight, while KOSPI and Nikkei wiped out early gains.

Super Micro Computer Inc.'s (SMCI) Taiwan office was raided on Monday as authorities expanded their investigation into alleged smuggling of NVIDIA (NVDA) AI chips into China using the company's servers. (Yahoo)

Other News

Taiwan’s Ministry of Economic Affairs expanded a government-led investment programme to attract more private capital by collaborating with VC firms. (Taipei Times)

SINGAPORE

Singapore Airlines (SIA SP) - Co. signed a joint venture pact with Air China to enhance route coordination and revenue sharing. (Straits Times)