TSMC Shares Rise to Record High as Taiwan Eases Single-Stock Investment Limits for Funds
TSMC shares surged 5% to a record high following Taiwan's decision to ease single-stock investment caps for funds. The new rule allows domestic equity funds and actively managed ETFs to allocate up to 25% of their assets to any listed firm with a weighting above 10% on the Taiwan Stock Exchange. This change is expected to boost TSMC's stock performance amid strong demand for its advanced chips driven by AI and major clients like Apple and Nvidia.
Topics: AI demand regulatory change semiconductor industry stock price movement TSMC earnings