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

JAPAN

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)


SOUTH KOREA

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

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