Taiwan Semiconductor jumps 7.45% as Taiwan slashes short selling after rout
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Taiwan Semiconductor Manufacturing (NYSE:TSM) shares climbed 7.45% to $379.41 at 9:50 a.m. ET on Friday, November 6, after Taiwan's Financial Supervisory Commission moved to curb short selling following a brutal session in Taipei. The…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishShort-selling curbs and a stabilization fund can shift sentiment across Taiwan's market and semiconductor shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01From November 9, intraday short-sell orders will be capped at 3% of 30-day average daily volume, down from 30%.
- 02The minimum short-sale margin rises to 130% from 90%.
- 03The Finance Ministry said a NT$500 billion stabilization fund is available if needed.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Taiwan Semiconductor Manufacturing Company Limited371.92 USD-1.01%today +5.33%Positive TAIEX39,701.64Market closedtoday -4.51%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets