PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: TSMC halts steel-structure work at new fab sites after fatal accident; Moody's upgrades TSMC to Aa2; Powerchip seeks further 10-20% price hikes; OUE REIT Q3 NPI +4.6%

• Cash session: Tech outperformed in a firmer US session, with the NDX +1.20% at 29,845. Among large caps, NVIDIA (NVDA) +2.5%, AMD (AMD) +3.4%, Micron (MU) +2.0%, TSMC (TSM) +1.6%, Apple (AAPL) +1.3%, while Alphabet (GOOGL) -1.6%; SpaceX (SPCX) +7.8% and Super Micro Computer (SMCI) +9.6% after their results and guidance. (Seoul Economic Daily)
• AI/semis newsflow: NVIDIA CEO's GTC keynote saw a raft of partnerships, incl. Google Cloud (GOOGL) scaling NVIDIA Vera Rubin infrastructure to 960k GPUs, and NVIDIA outlined plans with supply chain partners to expand substrate and packaging capacity. Micron's CTO said it won't pursue 4F-squared memory chips despite CXMT's advance (Nikkei Asia).
• Lam Research (LRCX): Q1 FY27 Adj. EPS 2.20 (exp. 2.18), Revenue 8.22bln (exp. 8.13bln); on the call, said its preliminary CY27 WFE outlook exceeds USD 200bln (exp. CY26 USD 150bln), driven by DRAM, NAND and foundry/logic demand. LRCX -6% after-hours.
• Texas Instruments (TXN): Q3 EPS 2.62 (exp. 2.42), Revenue 6.06bln (exp. 5.92bln); Next Qtr. Rev. 5.8-6.3bln (exp. 5.75bln). TXN +1.5% after-hours.
• Meta (META): Q3 Revenue 64.6bln (exp. 63.31bln), EPS 3.83 (exp. 6.67); Q4 revenue guidance 73-76bln (exp. 73.64bln), FY26 capex guidance 135-145bln (prev. 130-145bln). Shares were +7.4% at best after-hours before waning to c. +4%.
• IBM (IBM): Q3 Operating EPS 2.95 (exp. 2.86), Revenue 17.1bln (exp. 16.81bln); raised FY FCF outlook. IBM +5.1% after-hours.
• Tesla (TSLA): Q3 Adj. EPS 0.48 (exp. 0.45), Revenue 28.0bln (exp. 28.1bln); shares rose 2% after-hours before falling during the earnings call (last -1.3%).

Leadtek Research (2465 TT) - Co. expects record FY revenue, doubling from last year's TWD 4.44bln, after record Q3 revenue of TWD 3.32bln (+70% Y/Y); has secured sufficient supplies of high-end NVIDIA (NVDA) products through year-end, according to a Co. source. (Taipei Times)

Powerchip Semiconductor Manufacturing (6770 TT) - Co. is negotiating with customers to hike prices by a further 10-20% next year, after raising prices 23% Q/Q last quarter and expecting another 30% increase this quarter; said it holds a highly optimistic outlook for 2027 revenue and profitability if AI momentum remains strong, and is scouting a site in Taiwan, Japan or Singapore for a small-scale advanced packaging-related facility. (Taipei Times)

TSMC (2330 TT) - The death toll from Tuesday's construction accident at TSMC's Fab 22 in Kaohsiung rose to four; TSMC said it suspended steel structure work at the Kaohsiung site and its new fab construction sites across Taiwan, and work will only resume after the contractor's improvement plan passes review. (Focus Taiwan/Taipei Times) - Separately, Moody's upgraded TSMC to Aa2 from Aa3, with outlook revised to stable from positive. (Taipei Times)

• Micron (MU) - Micron Memory Taiwan and the Taichung union signed a labour-management agreement, with both sides withdrawing from today's mediation; terms were not disclosed. The Taoyuan union had said it would proceed with a strike today. (Taipei Times/Focus Taiwan)
• Grab (GRAB) - Taiwan's Fair Trade Commission blocked Grab's USD 600mln acquisition of foodpanda's Taiwan operations from Delivery Hero (DHER GY), citing Grab's ownership ties with Uber (UBER). (Focus Taiwan)

Credit Bureau Asia (TCU SP) - Credit Bureau Singapore secured a second consecutive bid to operate the Moneylenders Credit Bureau. (SGX filing)

ESR-REIT (J91U SP) - Completed the divestment of 30 Pioneer Road in Singapore. (SGX filing)

Frasers Centrepoint Trust (J69U SP) - Released its full-year results. Separately, FCT will repurpose Causeway Point's former cinema space into a 32k sq ft reading hub with the National Library Board as part of an asset enhancement initiative from Q2 2027 to end-2029. (SGX filing/Business Times)

LHN (41O SP) - Launched eldercare offering Jubiliv, starting with five senior-friendly units in Boon Lay, with plans for a standalone facility. (SGX filing/Business Times)

OCBC (O39 SP) - To allow customers to hold the Malaysian ringgit in Singapore-based savings accounts from 23rd October, becoming the first non-Malaysian bank to offer the service. (Business Times)

OUE REIT (TS0U SP) - Q3 NPI +4.6% Y/Y to SGD 59.6mln and revenue +3.1% to SGD 72.6mln, as hospitality strength offset weaker commercial contributions; financing costs -12.4% Y/Y. Separately, issued an update on the divestment of Crowne Plaza Changi Airport, while sponsor OUE Ltd (LJ3 SP) announced the exercise of its call option to acquire the hotel. (Business Times/SGX filing)

• First Sponsor Group (ADN SP) - Announced the results of its rights issue. (SGX filing)
• Olam Group (VC2 SP) - Responded to SGX RegCo queries. (SGX filing)
• Haze - Singapore's National Development Minister Chee Hong Tat warned that listed companies involved in illegal activities that cause transboundary haze may face legal and financial penalties. (Straits Times)

Pre-market regional wraps of this kind bundle several distinct threads, and the precedent is that they are read by separating the durable from the transient. The TSMC construction halt is a safety-driven work suspension of a type that, in past episodes at foundry buildouts, has delayed fit-out schedules at the margin rather than output at existing lines; the distinction worth drawing is between steel-structure work on unbuilt fabs, which affects future capacity timing, and anything touching current production, which this does not. The Moody's upgrade to Aa2 sits in the well-worn pattern of ratings catching up to credit fundamentals at a dominant franchise, a sequence that historically tightens spreads modestly and matters for the issuer's funding curve more than for the equity. The more market-relevant thread is the pricing one: sequential, double-digit hikes at a second-tier foundry are the classic signature of a memory and mature-node upcycle broadening beyond leading edge, and prior cycles of this kind have tended to show up first in contract prices, then in spot, then in the equipment order book. The overnight US tape fits that pattern, with semis leading, wafer fab equipment commentary pointing to a larger forward spending envelope, and memory pricing leverage confirmed. What is worth watching next is whether the hike announcements generalise across the Taiwan and Korea peer set, whether the TSMC work stoppage extends beyond the review period, and any strike follow-through at Micron's Taiwan operations.