Taiwan Semiconductor Manufacturing Company (TSMC) shares are experiencing an upswing today, driven by a strong performance in the Taiwanese market and positive sentiment from U.S. markets. The Taiex, Taiwan's benchmark index, surged by 594.29 points, or 2.64%, on Monday, largely due to gains in the electronics sector, with TSMC leading the charge. TSMC's local shares rose 4.35%, contributing significantly to the index's rise. This follows a solid performance in U.S. markets last Friday, where tech stocks, including those in the semiconductor sector, saw a rebound. The positive momentum in the U.S. markets has spilled over into Taiwan, boosting investor confidence in TSMC's growth prospects.
The current price of TSMC shares is $203.11, reflecting a 2.99% increase from the previous close of $197.21 and a 5.46% rise from the opening price of $192.60.