PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai (2317 TT) and India-based HCL Group held a groundbreaking ceremony for their JV semiconductor facility in India on Saturday; Taiwan markets reopen following the Chinese New Year holiday closure
The announcement of Hon Hai and HCL Group's semiconductor joint venture in India highlights a strategic move in the tech sector, potentially enhancing supply chain resilience amid geopolitical tensions.
Goldman Sachs raises its 2026 Q4 Brent oil forecast by USD 6 to USD 60/bbl
South Korean Embassy in Iran advised Korean nationals to leave Iran amid increasing tensions over a possible US military strike on Tehran, according to Yonhap
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai (2317 TT) and India-based HCL Group held a groundbreaking ceremony for their JV semiconductor facility in India on Saturday; Taiwan markets reopen following the Chinese New Year holiday closure
Palestinian media reports that Israeli artillery shelling is targeting areas in northeast Gaza City, according to Sky News Arabia
US officials warned if US President Trump orders strikes on Iran, Tehran could retaliate through proxies such as Hezbollah or Al-Qaeda against American targets abroad
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TAIWAN
Hon Hai (2317 TT) - Co. and India-based HCL Group held a groundbreaking ceremony for their JV semiconductor facility in India on Saturday. (Focus Taiwan)
SINGAPORE
CapitaLand Ascott Trust (HMN SP) - Co. acquired three freehold rental housing properties in Japan for JPY 4.6bln and said the acquisition will be funded via JPY-denominated debt. (Dow Jones Newsplus)
Raffles Medical Group (RFMD SP) - Co. H2 (SGD) net profit rose 21.7% Y/Y to 38.5mln, revenue increased 0.3% Y/Y to 386.9mln. (Dow Jones Newsplus)
Seatrium (SMM SP) - Co. expects to achieve over SGD 50mln in annualised operational cost savings, with savings driven by non-core asset divestments to be completed by early 2026 as part of an accelerated asset portfolio optimisation strategy. (Dow Jones Newsplus)
Other News - Singapore Deputy PM Gan Kim Yong said the government will engage with US counterparts to seek clarity on the implementation of a potential new 15% tariff on all goods entering the US from February 24th. (Straits Times)
Additionally, Singapore's proactive engagement with the U.S. regarding proposed tariffs indicates a sensitive trade atmosphere that could impact regional market dynamics. Both developments are significant as they reflect shifts in investment strategies and trade policies pertinent to the Asia-Pacific region.
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