TSMC and UMC Lead Surge! Semiconductor Stocks Soar in Early Trading with Multiple Companies Hitting Daily Limit Up, MediaTek Up 6%

Reported 7 months ago

FTNN News Network, June 13, 2024, 11:10 PM – The Taiwan Stock Market opened with a surge of 168.68 points, reaching a high of 22,440.1. Semiconductor stocks performed strongly in early trading, with stocks like TSMC (4968), UMC-KY (6451), and ASMedia (6515) hitting the daily limit up. In the U.S., major indices had varied performances, with the Dow Jones slipping slightly and the S&P 500 and Nasdaq rising; the Philadelphia Semiconductor Index surged. Various Taiwanese semiconductor stocks saw significant increases, with UMC (2303) and TSMC (2330) leading the pack with over 3% gains, while many others like MediaTek (2454) and Powerchip (6770) also saw notable increases.

Source: YAHOO

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