PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: TSMC US-listed shares declined amid broad tech selling, despite the Co. reporting higher profits

TSMC (2330 TT) - Co. Q2 net income +36% Y/Y at TWD 706.6bln (exp. TWD 623.7bln), revenue TWD 1.27tln (vs prev. 933.8bln Y/Y), as AI infrastructure demand drove robust results. The company has set aside approximately USD 56bln in capex for 2026 and announced an additional USD 100bln investment in Arizona, while executives noted very strong demand, and do not foresee a bottleneck for the capacity expansion plan. Co. expects continued strong demand in Q3; sees Q3 revenue at between USD 44.6-45.8bln (exp. 42.6bln); for FY26, sees capex between 60-64bln (prev. saw 52-56bln); sees FY26 revenue to be slightly above 40% in USD terms (prev. saw above 30%). Co. could face higher equipment costs as ASML (ASML NA) reportedly plans to raise prices for its chipmaking systems. (Newswires/Taipei Times)

Tech - Nasdaq underperformed during the prior US session and futures continued to decline overnight, while Nikkei slumped on the tech woes. (Newswires)

Geo Energy Resources (GERL SP) - Co. said its newly operational Marga Bara Jaya integrated infrastructure unit could generate up to USD 350mln in annual EBITDA over time. (Business Times)