PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Delta Electronics (2308 TT) debuted an embodied AI dual-arm cobot solution integrated with NVIDIA’s platform for complex, multi-step assembly work

China Steel (2002 TT) - Co. July pretax profit fell 55% M/M to TWD 655mln, while operating profit fell 84% M/M to TWD 241mln amid weaker Asian steel demand. (Taipei Times)

Delta Electronics (2308 TT) - Co. debuted an embodied AI dual-arm cobot solution integrated with NVIDIA’s platform for complex, multi-step assembly work, including AI server production. (Taipei Times)

Tech

Nasdaq 100 declined on Thursday as US stocks were hit alongside a rebound in yields and after Walmart reported its slowest sales growth in six years, although South Korean tech giants attempt to rebound in Asia-Pac trade amid shareholder-return optimism.

Other News

Taiwan’s Cabinet approved the central government’s 2027 budget proposal, allocating TWD 1.1225tln to defence, equivalent to 3.01% of projected GDP. (Taipei Times)

Taiwan’s weekday domestic travel subsidies are to become available on September 1. (Taipei Times)

Data Recap

• Taiwan Export Orders Y/Y (Jul) 61.9% (prev. 59.4%).

Jardine Cycle & Carriage (JCNC SP) - Co. agreed to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to Chandra Asri Pacific subsidiary CCHPL Holdings for an estimated base cash consideration of SGD 265mln. (Business Times)

Product debuts of this kind, a Taiwanese industrial automation name integrating with the dominant AI accelerator platform, follow a familiar pattern: the headline reads as validation of the supplier's position in the AI hardware buildout rather than as an immediate revenue event, and prior episodes have tended to re-rate the stock only where the partnership extends an existing relationship rather than starting one. The transmission channel here is the AI server and robotics supply chain peer set, where Taiwanese names trade as a correlated complex and platform announcements from one member spill into the group. The surrounding tape matters more than the launch itself: export orders running at that pace confirm the AI-linked demand backdrop that underpins the whole complex, while the steel maker's margin compression points to the split between tech and old-economy Taiwan that has recurred through past cycles. The Jardine disposal is a portfolio simplification story, a type that has historically been received as mildly positive for the seller when proceeds recycle toward core assets. Worth noting is the defence budget trajectory, which has tended to be a slow-burn thematic rather than a single-session driver. None of the items constitutes a decision-level event; the session's direction will be set by the US tech tape and yields more than by any single headline.