Reported 11 months ago
On June 21st, 2024, despite Taiwan Semiconductor's (2330) stock price continuously hitting new highs and closing at 970 yuan with a 1.12% drop, investor confidence remains high. However, a recent announcement from the exchange revealed a significant contractual default event involving Taiwan Semiconductor totaling 28.92 million yuan. Market analysts suggest that this default delivery might be related to a bold short-selling move by a young investor, resulting in a 'short squeeze' scenario. More news on FTNN covers stories of investors flocking to buy Taiwan Semiconductor shares, cautioning against impulsive trades and highlighting successful zero-share transactions outperforming major stocks like Taiwan Semiconductor and Foxconn.
Source: YAHOO