TAIPEI (TVBS News) — In a contrasting turn of events, Taiwan's stock market experienced an upswing on Friday (Jan. 5), gaining over 40 points to reach 17,595.01, despite a notable dip in shares of the Taiwan Semiconductor Manufacturing Company (TSMC), a key player in the market. TSMC's shares opened at NT＄578, down by NT＄2.
This shift in the Taiwanese market follows a mixed performance in major U.S. stock indices, where the Dow Jones rose marginally by 10.15 points, while the Nasdaq fell by 81.91 points. TSMC's American Depositary Receipt (ADR) mirrored this trend, dropping below US＄100 to US＄99.13, resulting in a 1.04% decline.
The drop in TSMC's share value had a significant impact on Taiwan's main index, pulling it down by approximately 16 points and pushing its market capitalization below the NT＄15 trillion mark.
In contrast, Asus, under the leadership of Chairman Jonney Shih, announced intensified efforts in artificial intelligence development, boasting a team of nearly a thousand members. This news positively influenced Asus' shares, which rose by 6 points to NT＄460 in early trading. (Characters: 1192, Words: 169)
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