PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Taiwan's central bank said the technology sector remains the primary driver of economic growth, Emini Nadsaq 100 dropped at the reopen, but steadily claws back some losses amid conflicting reports on US-Iran talks
Chinese Loan Prime Rate 5Y (Jun) 3.5% vs. Exp. 3.5% (Prev. 3.5%)
Iran's Foreign Ministry says the technical team is to continue work, but negotiation delegation work has concluded, adds significant progress achieved in quadrilateral talks in Switzerland
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Taiwan's central bank said the technology sector remains the primary driver of economic growth, Emini Nadsaq 100 dropped at the reopen, but steadily claws back some losses amid conflicting reports on US-Iran talks
Iranian Foreign Ministry Spokesperson Baghaei says Iran is working on safe passage mechanism for Hormuz and that Iran reports progress on oil sales and asset unfreezing, adds the war in all fronts, including Lebanon, must end
SoftBank (9984 JT)-backed Chinese robotics company Coowa is gearing up to go public in Hong Kong, according to WSJ
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TAIWAN
Tech - Taiwan's central bank said the technology sector remains the primary driver of economic growth, while exports from traditional industries have shown signs of recovery. (Focus Taiwan)
Taiwan Central Bank
Taiwan's central bank left its key interest rates unchanged on Thursday for a ninth consecutive quarter, maintaining the discount rate at 2.0%. Taiwan’s central bank raised its 2026 GDP growth forecast to 9.45% from 7.28%, citing strong export momentum and continued benefits from the global AI boom, while leaving housing market credit controls unchanged. (Focus Taiwan)
Other News
Legislative Speaker Han Kuo-yu departed for a six-day US visit leading a cross-party delegation, with stops including Washington, D.C. and TSMC's Arizona complex. (Focus Taiwan)
SINGAPORE
Telecoms - The collapse of Simba Telecom’s proposed acquisition of M1 has dealt an unexpected blow to what many had viewed as the inevitable consolidation of Singapore’s telecommunications industry. (Straits Times)
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