PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: TSMC (2330 TT) Q2 (TWD) revenue rose 36% Y/Y to TWD 1.27trln (exp. TWD 1.26trln), its highest quarterly sales, Nasdaq underperformed during the prior Wall St session, and the Nasdaq 100 closed with losses of 1.9%
TAIWAN
CTBC Financial Holding (2891 TT) - CTBC Bank invested TWD 100mln to open its Asia New Bay Area branch in Kaohsiung, expanding private banking and family office services for high-net-worth clients. (Taipei Times)
Lite-On Technology (2301 TT) - Co. plans to invest USD 919mln to establish a manufacturing facility in McKinney, Texas, including USD 108.5mln to acquire factory buildings. (Taipei Times)
TSMC (2330 TT) - Co. Q2 (TWD) revenue rose 36% Y/Y to TWD 1.27trln (exp. TWD 1.26trln), its highest quarterly sales, while June revenue rose 67.9% Y/Y to a record TWD 442.68bln, amid strong global demand for AI applications. (Taipei Times; Newswires)
United Microelectronics Corporation (2303 TT) - Co. has begun producing advanced photonics chips in Singapore amid rising demand for high-speed AI connectivity. (Nikkei)
Tech – Nasdaq underperformed during the prior Wall St session, and the Nasdaq 100 closed with losses of 1.9%.
SINGAPORE
Lum Chang Creations (LUCC SP) - Co. will transfer its listing from the Catalist board to the Singapore Exchange mainboard on Thursday. (Business Times)
Data Recap
- Singaporean GDP QQ (Q2 A) 1.1% vs. Exp. 1.1% (Prev. 1.0%)
- Singaporean GDP YY (Q2 A) 5.7% vs. Exp. 5.3% (Prev. 6.0%)