On July 11, the shares of Taiwan Semiconductor Manufacturing Co., Ltd. hit (TSMC), the world’s main semiconductor contract producer, the best value on the Taiwan inventory market. The image is the corporate brand. Photograph taken in Hsinchu Metropolis, Taiwan in July 2023 (2024 Reuters/Ann Wang)
TSMC rose greater than 2% to a report excessive of NT$1,080 on the eleventh. Its market capitalization reached NT$28 trillion ($861 billion), making it probably the most helpful listed firm in Asia.
Taiwan’s inventory market has seen an influx of $4.8 billion from overseas this 12 months. TSMC inventory is up practically 80% for the reason that begin of the 12 months. In accordance with HSBC, Asian institutional buyers are nonetheless chubby in Taiwanese shares, which might result in additional inflows.
Daniel Tan, portfolio supervisor at Grasshopper Asset Administration (Singapore), mentioned: “We’re optimistic that TSMC’s place as a number one contract producer will drive earnings in 2025 given the demand and pricing potential related to AI.” “My opinion continues. enlargement,” he mentioned, predicting that inventory costs will rise additional in 2025.
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2024-07-11 07:24:00
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