PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) is said to be accelerating advanced packaging expansion in Taiwan and US
TAIWAN
Formosa Petrochemical (6505 TT) - Co. and CPC Corp, Taiwan announced they will leave domestic gasoline and diesel prices unchanged this week. (Taipei Times)
TSMC (2330 TT) - Co. is said to be accelerating advanced packaging expansion in Taiwan and US. (Newswires)
Geopolitics
China unveiled policy measures to show goodwill to Taiwan following a meeting between Chinese President Xi and Taiwan’s opposition leader Cheng Li-wun. (Newswires)
Taiwan will carry out new drills in the coming weeks to ensure the island has access to vital supplies in the event of a Chinese blockade. (Newswires)
SINGAPORE
CapitaLand Investment (CLI SP) - Co. achieved final close of the CapitaLand Asia-Pacific Credit Program II, its second regional fund under its flagship real estate credit series, adding around USD 600mln to funds under management. (Business Times)
Katrina Group (KTG SP) - Co. said independent auditors from EY raised uncertainties about its ability to continue as a going concern. (Business Times)
TSMC's decision to accelerate its advanced packaging expansion in Taiwan and the US highlights its focus on increasing capacity and meeting demand, which could bolster its competitive position in the semiconductor industry. This move may also attract investor interest, as it signals confidence in growth despite geopolitical tensions. The broader implications could touch on supply chain dynamics and potential impacts on related sectors or stocks in the region, particularly amid ongoing discussions around Taiwan's geopolitical stability and economic interactions with China.