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%

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Japan's Finance Minister Katayama suggests it is time to consider including JGBs in NISA, also says if the environment surrounding asset management changes sharply, a change to GPIF's portfolio could be examined

Japan's Health Minister Ueno says the GPIF makes investments for the benefit of the uninsured

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%

Data-centre builders and operators across the US are working with bankers to sell majority equity stakes worth tens of billions of dollars in their companies this summer, according WSJ citing people familiar with the matter

Australian Westpac Consumer Confidence Index (Jul) 83.9 (Prev. 80.6)

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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%)

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