Advertisement
New Zealand markets closed
  • NZX 50

    11,806.65
    -139.78 (-1.17%)
     
  • NZD/USD

    0.5959
    +0.0009 (+0.15%)
     
  • NZD/EUR

    0.5555
    +0.0015 (+0.27%)
     
  • ALL ORDS

    7,842.60
    -94.90 (-1.20%)
     
  • ASX 200

    7,581.10
    -101.90 (-1.33%)
     
  • OIL

    83.88
    +0.31 (+0.37%)
     
  • GOLD

    2,348.40
    +5.90 (+0.25%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    17,917.28
    -171.42 (-0.95%)
     
  • Hang Seng

    17,626.75
    +342.21 (+1.98%)
     
  • NIKKEI 225

    38,079.11
    +450.63 (+1.20%)
     
  • NZD/JPY

    93.0450
    +0.5490 (+0.59%)
     

Why Taiwan Semiconductor Manufacturing Rallied Today

Why Taiwan Semiconductor Manufacturing Rallied Today

Stocks did well today, but tech stocks did even better, and semiconductor stocks did even better than that. Shares of the leading semiconductor foundry were surging today, up 6.5% as of 2:56 p.m. ET. The company, also known as TSMC, actually had muted performance to start the week amid news that Warren Buffett's Berkshire Hathaway had completely sold out of the stock last quarter, as reported in a filing Monday night.