PRE-MARKET TAIWAN & SINGAPORE STOCKS NEWS: Asustek (2357 TT) Q1 (TWD) net fell 23% Y/Y to 9.8bln, rev. rose 44% Y/Y to 194.05bln, while it expects revenue to remain strong this quarter
Asustek's Q1 results reflect a mixed performance; while net profit fell significantly, revenue surged, indicating strong demand, particularly driven by AI server growth.
PRE-MARKET CHINESE STOCKS NEWS: JD.com (9618 HK) Q1 2026 (USD) EPS 0.74 (exp. 0.57), rev. 45.8bln (exp. 45.6bln), net CNY 5.1bln (prev. 10.9bln Y/Y)
Australia sells AUD 300mln 4.75% June 2054 bonds b/c 4.08, avg yield 5.4979%
PRE-MARKET TAIWAN & SINGAPORE STOCKS NEWS: Asustek (2357 TT) Q1 (TWD) net fell 23% Y/Y to 9.8bln, rev. rose 44% Y/Y to 194.05bln, while it expects revenue to remain strong this quarter
Japanese Finance Minister Katayama said regarding recent talks with US Treasury Secretary Bessent that the meeting was a good opportunity to confirm trust, adds Bessent didn't make any specific requests including finance
US Treasury Secretary Bessent arrives in South Korea for trade talks with Chinese Vice Premier He Lifeng
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TAIWAN
Asustek (2357 TT) - Co. Q1 (TWD) net fell 23% Y/Y to 9.8bln, rev. rose 44% Y/Y to 194.05bln, and expects revenue this quarter to remain strong, driven by AI server growth and a sequential rebound in PC sales. (Taipei Times)
China Steel (2002 TT) - Co. will raise domestic prices of all products next month as the global steel market recovers amid strong demand, higher raw material costs and tight supply. (Taipei Times)
TSMC (2330 TT) - Co. approved a USD 31.28bln capital budget for production expansion to meet long-term development needs during the AI boom. (Taipei Times)
SINGAPORE
Genting Singapore (GENS SP) - Co. is rolling out new attractions as Middle East tensions weigh on earnings. (Straits Times)
The expectation of continued strong revenue this quarter suggests resilience despite the net profit decline, potentially positioning the company favorably in the tech sector. Investors should assess how these results influence sentiment around Taiwan's equities and the technology supply chain amidst broader market conditions.
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