(Bloomberg) -- The long-favored arbitrage strategy of buying Taiwan Semiconductor Manufacturing Co.’s Taipei shares while shorting its US listing is starting to become painful. Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanHow the US Mopped Up a Third of Global Capital Flows Since CovidThese Are the World’s Most Expensive Cities for Expats in 2024Ukraine Bid for Global South Support Falters at Swiss SummitSafeguards Against Le Pen’s Far-Right Are Startin
Micron Technology, Taiwan Semiconductor Manufacturing, Coherent, and Qualcomm have also done well this year.
The latest trading day saw TSMC (TSM) settling at $172.91, representing a -0.04% change from its previous close.