TSMC Surges 7% as Taiwan Restricts Short Selling to Halt Brutal Semiconductor Crash - Taiwan Semiconductor…
Benzinga · Anusuya Lahiri ·
TSMC stock rose nearly 7% premarket after Taiwan tightened short-selling rules and readied a $15 billion fund to stem a semiconductor selloff.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) stock rebounded nearly 7% in Friday premarket trading after a sharp AI-driven semiconductor selloff, as Taiwan moved to stabilize its equity market and investors reassessed the impact of post-midterm political uncertainty on future data-center demand.
S&P 500 futures rose 0.2% before the bell, providing a firmer backdrop after another difficult session for global chip stocks.
TSMC’s U.S.-listed shares fell 10.78% Thursday, while its Taiwan-listed stock dropped 4.46% to NT$2,140 on Friday.
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