PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Exporters could be in focus amid JPY weakness after a strong win by PM Abe's ruling bloc which is set to take a supermajority


Fast Retailing (9983 JT)
- Co. President Yanai is planning to vacate role in about 2 years and is looking internally for a successor, although he will remain as chairman of the Co. (Nikkei)

Mitsubishi Corp (8058 JT)
- Co. to spend JPY 200bln on Japanese data centres in partnership with Digital Realty Trust. (Nikkei)

Panasonic (6752 JT)
- Co. is said to be planning to buy Silicon Valley-based AI start up Arimo. (Nikkei)

Sumitomo Heavy (6302 JT)
- Co. H1 oper. profit may increase 45% Y/Y to around JPY 27bln, according to press reports. (Newswires)

Toshiba (6502 JT)
- Co. is planning to raise the number of IoT staff to 1500. (Newswires)

Toyota (7203 JT)
- Co. is to halt operations at Japanese plants as precaution due to typhoon. (Newswires)

Other News
- Japanese PM Abe’s LDP led ruling coalition won a supermajority at Sunday’s election, as unofficial results showed the ruling bloc is set to win 312 of the 465 seats or over two-thirds of seats in the lower house of the Diet, which keeps Abenomics firmly in place and paves the way for changes to the constitution. (Newswires)


Samsung Electronics (005930 KS)
- Press reports note speculation the Co. may choose its new CEO as soon as this week. (Newswires)

Energy / Nuclear-related
- South Korean President Moon announced he will permit construction to resume of 2 nuclear reactors that he previously vowed to scrap. (Nikkei)

Other News
- South Korean ruling party official said BoK rate hike odds are increasing and that the ruling party is to meet with the government for talks regarding household debt. (Newswires)
-  The US Forces Korea officially set up the unit charged with operating the THAAD system deployed in the country. (Yonhap)
- The Korea Economic Research Institute lowered 2017 growth forecast to 2.8% from 2.9%. (Yonhap)
- South Korea is set to unveil another set of measures this week to curb household debts, according to industry sources. (Yonhap)

Data Recap
- South Korean PPI (Sep) M/M 0.5% (Prev. 0.3%)
- South Korean PPI (Sep) Y/Y 3.3% (Prev. 3.2%)

23 Oct 2017 - 00:34- Research Sheet- Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: