PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Stocks are pressured after US-Iran strikes

TAIWAN

GlobalWafers (6488 TT) - Co. expects advanced packaging wafers to make a substantial revenue contribution this year following limited contribution last year, driven by a production ramp-up. (Taipei Times)

United Microelectronics (2303 TT) - Co. is spending USD 6.4bln on a new Singapore fab as it seeks to capture growing demand linked to the AI boom. (Straits Times)

Wonderful Hi-Tech (6190 TT) - Co. expects revenue this year to exceed its TWD 10bln target, driven by demand for high-speed AI server cables, low Earth orbit satellite products and other high-margin products. (Taipei Times)

Tech Nasdaq 100 declined as Wall St suffered amid a surge in oil prices and higher yields amid US-Iran strikes, although futures are flat overnight, while Asia tech stocks follow suit to recent declines in global peers.

Other News

Taiwan President Lai Ching-te called on European countries to pursue investment and double-taxation agreements with Taiwan, highlighting growing bilateral investment and opportunities to deepen cooperation in semiconductors and other technologies. (Focus Taiwan)

SINGAPORE

Frasers Property (FPL SP) - Co. will redevelop Yishun 10 into a mixed-use complex containing around 110 residential units, with completion targeted for mid-2031. (Straits Times)

Keppel DC REIT (KDCREIT SP) - Co. closed the order book for its private placement, which was upsized to around SGD 625mln from roughly SGD 620mln and was 3.4 times covered, with 297.62mln new units to be issued at SGD 2.10/unit. (Dow Jones Newswires)