PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCK NEWS: Suzuki (7269 JT) – Co. admitted that its employees conducted improper emission tests. (Nikkei)

AUSTRALIA

Sky and Space Global (SAS AS) – Co. announces an MOU agreement with OECS, financial terms undisclosed. (Newswires)

Beach Energy (BPT AS) – Co. is targeting production of 40 MMBOE over 5-years. (Newswires)

SpeedCast International (SDA AS) – Co. announces USD 175mln term loan agreement. (Newswires)

National Australia Bank (NBA AS) – Slater and Gordon file class action over credit card insurance. (Newswires)

Kalina Power (KPO AS) – Co. announces license termination for China held by Shanghai Shenghe New Energy Resources.

APA Group (APA AS) – Co.’s boss says Malcolm Turnbull’s ousting is expected to delay the decision on CK Infrastructure’s (1038 HK) bid. (The Australian)

COMMODITIES

Oil erased losses seen from the surprise build in DoE crude inventories with Brent eyeing USD 82/bbl to the upside after US Energy Secretary Perry said the US is not considering release from strategic petroleum reserve to lower oil prices because the impact would be small and short-lived.

JAPAN

Taisei (1801 JT) – Co. is planning to enter into the energy business which involves a JPY 15bln investment 2020. (Newswires)

Toyota Motor (7203 JT) – Co. is said to plan to enter the car sharing business. (Newswires)

Nippon Express (9062 JT) – Co. is to offer regular freight train shipping between China and Europe. (Nikkei)

Suzuki (7269 JT) – Co. admitted that its employees conducted improper emission tests. (Nikkei)

Calbee (2229 JT) – Co. pulls out of its potato chips venture in the Philippines with Universal Robina. (Nikkei)

 OTHER NEWS

– Japanese PM Abe confirmed US agreed not to impose further tariffs while trade talks continue, while PM Abe is expected to meet with Chinese President Xi on October 24th. (Newswires)

– Japanese PM Abe said wants Chief Cabinet Secretary Suga to stay in the cabinet. (Newswires)

SOUTH KOREA

Samsung Biologics (207940 KS) – The license application for Co’s SBG Adalimumab has been accepted for review by US FDA. (Newswires)

OTHER NEWS

– South Korea has denied reaching any agreement with the US regarding currency manipulation. (Nikkei)

– South Korean Vice Finance Minister says he sees limited impact from FOMC rate hike as it was expected, adding the risk of major foreign capital outflow is not big. Furthermore, they will announce measures to stabilise markets in the case of excessive instabilities. (Newswires)

– Bank of Korea sees limited impact from the US Fed rate hike, while the central bank chief said they need to adjust the extent of accommodation policy considering the economic situation. (Newswires)

(Newswires)