Taiwan Semiconductor Shares Dip In Premarket As Typhoon Kong-rey Brings Severe Disruptions To Taiwan's Infrastructure
Portfolio Pulse from Benzinga Neuro
Taiwan Semiconductor Mfg. Co. Ltd (NYSE:TSM) shares dipped 1.10% in pre-market trading due to Typhoon Kong-rey causing severe disruptions in Taiwan. Despite the typhoon's impact, TSMC anticipates no significant operational disruptions.
October 31, 2024 | 10:22 am
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Taiwan Semiconductor Mfg. Co. Ltd (NYSE:TSM) experienced a 1.10% decline in pre-market trading due to Typhoon Kong-rey. Despite the severe weather, TSMC expects no significant operational disruptions.
The decline in TSM's stock price is directly linked to the severe weather conditions caused by Typhoon Kong-rey. Although TSMC has implemented standard procedures and expects no major operational disruptions, the market reacted to the potential risks associated with the typhoon's impact on Taiwan's infrastructure.
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