PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech attempts to nurse some of the recent losses

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PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech attempts to nurse some of the recent losses

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TAIWAN

Starlux Airlines (2646 TT) - Co. September rev. rose 69% Y/Y to TWD 4.98bln, passenger rev. rose 70% Y/Y to TWD 3.72bln and cargo rev. rose 59% Y/Y to TWD 706mln, driven by strong passenger demand and AI-related cargo shipments; expects further growth following the launch of new routes. (Taipei Times)

Tech

  • Nasdaq declined during Wall St trade amid continued weakness in chip and memory names, although futures attempt to nurse losses overnight.

Other News

Taiwan's securities transaction tax revenue rose 71.2% Y/Y to TWD 53.4bln in September, a record high for the month, despite falling for a third consecutive month amid declining market turnover. (Taipei Times)

SINGAPORE

KORE US REIT (KORE SP) - Co. completed its second full-floor spec-suite development at The Plaza Buildings in Bellevue, Washington, with 50% of its six suites pre-leased. (Business Times)

Parkway Life REIT (PREIT SP) - Co. acquired three nursing homes in France for EUR 38.8mln (USD 43.5mln), with aggregate leverage expected to rise to 35.3% (prev. 33.8%); each property is backed by a 12-year lease. (Business Times)

Raffles Education (RLS SP) - Co. proposed a special interim dividend of SGD 0.003/shr, subject to shareholder approval on 30th October, alongside the issuance of up to 538.9mln warrants to directors Chew Hua Seng and Doris Chung Gim Lian at an exercise price of SGD 0.065/shr. (Business Times)

Other News

Monetary Authority of Singapore keeps FX-based policy unchanged, with the slope, width and centre of the SGD NEER band maintained, versus expectations for a very slight adjustment to the rate of appreciation.

Context

A mixed regional wrap of the kind that typically frames the Asian open rather than drives it: an overnight Wall Street tape soft in chip and memory names, with US equity futures attempting to stabilise before Taipei and Singapore begin trading. The pattern in such sessions is well established: the TWSE's semiconductor-heavy index tracks the prior US session's Nasdaq and SOX moves closely, so the overnight futures tone is the main variable for the open, and periods of concentrated weakness in memory names have historically been sentiment-driven within AI-linked hardware rather than idiosyncratic to one issuer. The idiosyncratic items, an airline reporting strong AI-related cargo demand and record securities transaction tax receipts off elevated turnover, point to the same AI-driven activity theme in Taiwan rather than constituting independent catalysts. On the Singapore side, the more durable item is the MAS holding the slope, width and centre of the SGD NEER band against expectations for a very slight steepening; when a small consensus adjustment fails to materialise the convention is for a modest, quickly absorbed move in SGD at the fix, with the decision read as the authority signalling comfort with the prevailing pace of appreciation. The remaining corporate notices are size-irrelevant to the indices. The tells for the session are whether US futures hold their overnight stabilisation into the Taipei cash open and how SGD trades around the first fixing post-decision.

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