Taiwan Semiconductor Stock Defaults on Delivery with 28.92 Million

Reported about 1 year ago

Taiwan Semiconductor (TSMC) shares have been soaring, nearing the 1000 NT dollar mark, but unexpectedly encountered a significant default on delivery yesterday, amounting to 28.92 million NT dollars. The incident is suspected to be related to a young stock genius making a wrong bet, resulting in a downfall. Speculation suggests that the trigger for the default delivery may have been TSMC's stock price breaking through 900 NT dollars and its American Depositary Receipt (ADR) continuing to rise towards the 1000 NT dollar mark, while the overconfident young stock genius misjudged the situation and suffered losses. Responses from netizens ranged from surprise to comparisons with past stock incidents, questioning such defaults in a bullish market.

Source: YAHOO

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