Why Taiwan Semiconductor Manufacturing Stock Is Jumping Today
After sell-offs yesterday, Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is regaining ground in Friday's trading. The company's share price was up 4.5% as of 3:30 p.m. ET. Meanwhile, the S&P 500 index was up 1.6%, and the Nasdaq Composite was up 2%.TSMC stock saw substantial sell-offs yesterday on news that imported products from China will now be taxed at a 145% rate, but it's roughly bounced back from those losses today. It's been an incredibly volatile week for the stock market, but the chip-fabrication leader's share price is poised to close out the period with solid gains.The stock market has seen nearly unprecedented swings this week. Valuations headed lower early in the week's trading -- only to see a massive rebound after President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries other than tariffs. Thursday brought sell-offs on news that tariffs on China were actually higher than expected, but investors are buying back into the market today -- and TSMC is rising as a result. Continue reading
After sell-offs yesterday, Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is regaining ground in Friday's trading. The company's share price was up 4.5% as of 3:30 p.m. ET. Meanwhile, the S&P 500 index was up 1.6%, and the Nasdaq Composite was up 2%.
TSMC stock saw substantial sell-offs yesterday on news that imported products from China will now be taxed at a 145% rate, but it's roughly bounced back from those losses today. It's been an incredibly volatile week for the stock market, but the chip-fabrication leader's share price is poised to close out the period with solid gains.
The stock market has seen nearly unprecedented swings this week. Valuations headed lower early in the week's trading -- only to see a massive rebound after President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries other than tariffs. Thursday brought sell-offs on news that tariffs on China were actually higher than expected, but investors are buying back into the market today -- and TSMC is rising as a result.
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