PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: TSMC July sales rose to a record, Nasdaq 100 finished with mild losses during US trade amid higher yields and rising oil due to geopolitical uncertainty, although Nasdaq futures partially rebound overnight

Foxtron Vehicle Technologies (2258 TT) - Co.-codeveloped a new battery electric vehicle with Mitsubishi Motors New Zealand, with the model set to be introduced in New Zealand in Q4. (Taipei Times)

Qisda (2352 TT) - Co. expects revenue to improve Q/Q this quarter, driven by business solutions, medical and AI infrastructure products, while H2 revenue is expected to exceed H1 revenue of TWD 104.3bln after Q2 revenue fell 1% Y/Y to TWD 52.73bln. (Taipei Times)

TSMC (2330 TT) - Co. July sales rose 44.7% Y/Y and 5.6% M/M to a record TWD 467.58bln, supported by strong global demand for advanced chipmaking processes amid the AI boom. (Focus Taiwan)

Tech – Nasdaq 100 finished with mild losses during US trade amid higher yields and rising oil due to geopolitical uncertainty, although Nasdaq futures partially rebound overnight.

Taiwan’s inflation-adjusted average monthly regular wages in the industrial and service sectors rose 1.16% Y/Y to TWD 44,119 in H1, marking the strongest first-half growth in six years. (Focus Taiwan)

Concord New Energy (CONNE SP) - Co. expects H1 net of CNY 90-100mln (prev. CNY 292mln Y/Y), with power generation expected to fall 66-69% amid grid absorption constraints and climate fluctuations. (Business Times)

Fraser and Neave (FNN SP) - Co. 9M (SGD) net before exceptional items rose 10.4% Y/Y to 130.6mln, rev. fell 6% Y/Y to 1.7bln. (Business Times)

Ho Bee Land (HOBEE SP) - Co. H1 (SGD) net rose 3% Y/Y to 51.1mln, rev. rose 30% Y/Y to 230.5mln. (Business Times)

NetLink NBN Trust (NETLINK SP) - Co. Q1 (SGD) net fell 22.4% Y/Y to 18.1mln, rev. fell 1.4% Y/Y to 101.3mln. (Business Times)

ST Engineering (STE SP) - Co. secured SGD 2.9bln of new contracts in Q2, comprising SGD 1.2bln each from commercial aerospace and defence and public security, and SGD 500mln from urban solutions and satcom. (Business Times)

UOB Kay Hian (UOBK SP) - Co. H1 (SGD) net rose 66% Y/Y to 164.7mln, rev. rose 41.8% Y/Y to 481.1mln. (Business Times)

Singapore raised its 2026 GDP growth forecast to 4.5-5.5% from 2-4%, following stronger-than-expected growth in H1. (The Straits Times)

TSMC's monthly sales print has long served as the cleanest high-frequency read on foundry demand, and record prints of this kind have historically fed straight through to the wider Asia tech complex, given how heavily the stock is weighted in regional benchmarks and the AI supply chain narrative. The distinction worth drawing is between genuine end-demand strength and front-loaded orders: on previous occasions where monthly sales surprised strongly on AI-related demand, the follow-on question has been whether capacity commentary and the next quarterly guide confirm the trajectory, with the print itself treated as confirmation rather than new information when it matches the prevailing trend. The overnight setup, with US tech futures partially recovering from a session that traded off higher yields and oil, follows a familiar sequence in which Asia tech opens to a mixed handover and the local heavyweight print sets the direction for the index. On the macro side, an upward GDP revision from a trade-dependent economy of Singapore's kind has tended to matter more for the regional growth narrative than for domestic assets directly, since the revision mechanically reflects the same trade and electronics upcycle evident in the foundry data. The follow-ons worth noting are the quarterly TSMC call, peer and customer order commentary elsewhere in the chip chain, and whether the wage and GDP data feed any shift in local rate expectations.