PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech weakness rolled over into Asia following the underperformance of the sector and Nasdaq 100 stateside

Tech

• Nasdaq 100 underperformed during US trade amid tech weakness, while the tech-related pressure rolled over into Asia.
• Nine people, including employees of NVIDIA and Super Micro Computer, have been indicted over the alleged illegal export of AI servers to China. (Taipei Times)

Other News

Heavy rain triggered widespread flooding, landslides and damage across central, southern and eastern Taiwan, disrupting travel and prompting mass evacuations. (Taipei Times)

Frasers Property (FPL SP) - Wholly owned subsidiary Frasers Property Treasury proposed issuing SGD 150mln of 3.5% fixed-rate notes under its SGD 5bln multicurrency debt-issuance programme. (Business Times)

UltraGreen.ai (ULG SP) - Co. will calibrate its commercial response to new US competitors based on their pricing, distribution approach and customer proposition, but said it is premature to assess the potential market impact or specify its response. (Business Times)

The dominant thread is the standard US-to-Asia handoff: when the Nasdaq 100 underperforms in the US session, Taiwan and broader North Asian tech tend to open offered, with the pressure concentrated in the semiconductor and AI-hardware complex that dominates TAIEX weighting. The export-control indictment is the more structural item; enforcement actions over diversion of AI servers to China have recurred and have historically mattered less for the named individuals than for what they signal about compliance scrutiny across the server supply chain, where prior episodes have prompted tighter end-use checks and order delays rather than lasting demand destruction. The distinction worth drawing is between the flow-driven tech weakness, which typically fades if the US session stabilises, and the regulatory thread, which compounds over time. The flooding item is a localised disruption story with limited precedent for sustained index impact. On the Singapore side, the Frasers note issuance is routine programme tap of the sort investment-grade regional property names conduct regularly, and the UltraGreen commentary is non-committal competitive posturing with no near-term read-through. The follow-on is whether the US tech tape confirms or reverses the overnight move.