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.

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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

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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)

Context

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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