PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: TSMC (2330 TT) entered into a 10-year agreement with Amkor Technology to enhance advanced semiconductor packaging capabilities in Arizona, Tech stocks were hit on Wall St and the Nasdaq underperformed
Australia sells AUD 300mln 4.75% June 2054 bonds b/c 2.46, avg yield 5.3040%
ASX will introduce a 25% cap on share issuance to fund company takeovers, which will apply to larger listed companies
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: TSMC (2330 TT) entered into a 10-year agreement with Amkor Technology to enhance advanced semiconductor packaging capabilities in Arizona, Tech stocks were hit on Wall St and the Nasdaq underperformed
Australian Westpac Leading Index MoM (May) M/M 0.0% (Prev. 0%)
Australian Westpac Leading Index (May) -0.04% (Prev. +0.06%)
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TAIWAN
TSMC (2330 TT) - Co. entered into a 10-year agreement with Amkor Technology to enhance advanced semiconductor packaging capabilities in Arizona and strengthen investment in the US semiconductor supply chain ecosystem. (Newswires)
Insurers
Taiwan’s Financial Supervisory Commission plans to amend regulations to enable life insurers to channel capital directly into AI-linked projects, according to Bloomberg News. (Newswires)
Tech
Meta Platforms’ Facebook, Instagram and Threads account suspensions were caused by a technical glitch in the Co.’s age-verification system, with users locked out of their accounts from Sunday, according to MODA. (Taipei Times)
Geopolitical
Taiwan President Lai unveiled plans for a drone squadron comprising 126 soldiers, with a lieutenant colonel serving as commanding officer. (Taipei Times)
Other News
Taiwan Research Institute raised its 2026 GDP growth forecast to 9.33% from 3.46%, citing robust global demand for AI applications. (Focus Taiwan)
SINGAPORE
Boustead Singapore (BOCS SP) - Co.’s subsidiary Esri Australia renewed a geographic information systems platform contract with the Australian federal government for around SGD 60mln. (Business Times)
Fintech – Fintech firm Arki Finance received a MAS licence and is targeting mass-affluent investors in Singapore. (Straits Times)
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