Lula and Trump Talks Signal New Phase in Brazil-US Relations 
Wall Street Hits Record High as AI Chip Stocks and Strong U.S. Jobs Data Boost Markets 
Wall Street Futures Edge Higher as Iran Tensions and AI Optimism Shape Markets 
Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers 
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
US-Iran Ceasefire Under Pressure as Fresh Strait of Hormuz Clashes Shake Oil Markets 
China Export Growth Surges in April as Global Buyers Rush to Secure Supplies 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
Asian Stocks Slide as Iran Tensions Escalate Despite Strong Weekly Gains 
China EV Truck Boom Accelerates as Iran War Drives Diesel Prices Higher 
Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery 
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending 
Gold Prices Hold Firm as Iran Tensions and Dollar Swings Drive Safe-Haven Demand 
US Trade Court Blocks Trump’s 10% Global Tariffs 
Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations 
TSMC Stock Soars on Record Earnings, AI Demand
TSMC's share price reached an all-time high on Friday after the leading contract chipmaker reported stronger-than-expected third-quarter earnings and provided a positive outlook driven by robust Artificial Intelligence (AI) demand.
Key Takeaways:
-
TSMC's stock price surged 6% to T$1,100 ($34.25) at the market open, surpassing the previous record set in July 2023.
-
The company boasts the highest market capitalization in Asia at around $884 billion.
-
TSMC benefits from the booming AI sector, counting Apple and Nvidia among its major clients.
-
The chipmaker expects continued growth over the next five years.
Addressing U.S. Probe
Following a media report suggesting a U.S. investigation into TSMC's dealings with Huawei, the company reaffirmed its commitment to legal compliance, including export control regulations.
TSMC remains a reliable partner, stating:
"If we have any reason to believe there are potential issues, we will take prompt action to ensure compliance, including conducting investigations and proactively communicating with relevant parties, including customers and regulatory authorities as necessary."
