PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Taiwan is said to be mulling curbs on AI chip exports to China to align with the US
Magnitude 6.0 earthquake strikes Auckland Islands, New Zealand according to USGS
US Central Command says military completed self-defence strikes against Iran, while forces remain vigilant and postured to defend against unjustified Iranian aggression
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Taiwan is said to be mulling curbs on AI chip exports to China to align with the US
Local sources noted that sounds resembling explosions were heard in Avaz, Iran
IRGC says it attacked some US bases in the region in response to US aggression, according to IRIB and Tasnim
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TAIWAN
Gigabyte Technology (2376 TT) - Co. expects strong order visibility for its AI servers to extend to next year as major customers begin planning new spending. (Taipei Times)
Hon Hai Precision Industry (2317 TT) - Co. established a partnership with Brookfield Asset Management to make renewable energy investments in Vietnam. (Taipei Times)
Tech - Taiwan is said to be mulling curbs on AI chip exports to China to align with the US, according to Bloomberg. Potential rules could restrict sales above a processing threshold and affect Nvidia (NVDA) AI servers. Furthermore, Taiwan previously blacklisted Huawei and SMIC, while recent cases involved alleged chip smuggling and trade-secret theft linked to TSMC (2330 TT). (Newswires)
Data Recap
- Taiwan Balance of Trade (May) 17.9B vs. Exp. 15.2B (Prev. 14.4B)
- Taiwan Exports YY (May) 51.7% vs. Exp. 37.9% (Prev. 39.0%)
- Taiwan Imports YY (May) 54.9% vs. Exp. 37.4% (Prev. 29.2%)
SINGAPORE
Singapore Post (SPOST SP) - Co. will roll out islandwide mail and small parcel pick-up from HDB and condo letterboxes. (Straits Times)
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