Stock Market News

TSMC shares fall nearly 2% even after raising 2024 revenue forecast

07/18/2024

Less than a minute

2024.07.18 21:10

© Reuters. FILE PHOTO: Taiwan Semiconductor Manufacturing Co's logo is seen while people attend the opening of the TSMC global R&D centre in Hsinchu, Taiwan, July 28, 2023. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taipei-listed shares of TSMC fell at the market open on Friday, even after the company raised its full-year revenue forecast and reported a market-beating net profit for the second quarter.

Shares of TSMC, the world’s largest contract chipmaker, fell 1.79%, while Taiwan’s main index opened down 0.73 percent.

07/18/2024

Less than a minute

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