PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Singapore Telecommunications (ST SP) and KKR are near a deal for STT Global Data Centres that would value it at SGD 13bln
The near deal between Singapore Telecommunications and KKR for STT Global Data Centres, valued at SGD 13 billion, signals strong confidence in the data center sector amidst rising demand, particularly driven by AI advancements.
PBoC sets USD/CNY mid-point at 6.9695 vs exp. 6.9710 (Prev. 6.9678)
[MARKET UPDATE] Commodity prices are further pressured as Shanghai and LME futures trading gets underway with SHFE most active nickel contract slipping more than 7%, while spot gold is at fresh session lows with losses of around 5.7%
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Singapore Telecommunications (ST SP) and KKR are near a deal for STT Global Data Centres that would value it at SGD 13bln
Disney (DIS) board is reportedly close to picking parks chief D'Amaro as next CEO, according to Bloomberg
Thai S&P Global Manufacturing PMI (Jan) 58.3 (Prev. 57.4)
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TAIWAN
Tech - NVIDIA (NVDA) CEO Huang said AI demand could more than double TSMC capacity. (Focus Taiwan)
Other News
Fitch raised the outlook for Taiwan’s banking sector to neutral from deteriorating. (Taipei Times)
Data Recap
- Taiwan GDP YY (Q4 P) 12.7% vs Exp. 8.5% (Prev. 8.2%)
SINGAPORE
Singapore Telecommunications (ST SP) - Co. and KKR are near a deal for STT Global Data Centres that would value it at SGD 13bln. (WSJ)
This move may position Singapore Telecommunications favorably within the fast-growing tech infrastructure space, potentially attracting investor interest in both the telecommunications and data services sectors as they navigate growing AI and tech service requirements.
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