PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hongkong Land (HKL SP) acquires a 10.8% stake in Suntec Real Estate Investment Trust (SUN SP) for SGD 541mln
TAIWAN
China Steel Corp (2002 TT) - Co. raised prices for all products for domestic delivery next month and next quarter by TWD 1,000-1,200, marking the largest increase in almost 17 months, citing higher material costs due to the Middle East conflict and improving steel demand. (Taipei Times)
Materials Analysis Technology Inc (6223 TT) - Co. said silicon photonic-related analysis services revenue is expected to rise 50% this year, driven by a shift to optics-based packaging solutions for AI data centres. (Taipei Times)
TSMC (2330 TT) - Co. is said to raise prices for advanced nodes amid tight capacity. (Newswires)
Other News - Taiwan’s Central Bank left rates unchanged at 2.00%, as expected. (Newswires)
SINGAPORE
Suntec Real Estate Investment Trust (SUN SP) - Hongkong Land (HKL SP) acquires a 10.8% stake in Suntec for SGD 541mln as it looks to expand its presence in Singapore’s prime commercial sector. (Business Times)