US Job Growth Seen Picking Up in July 
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data 
US Stock Futures Rise as Markets Await July Payrolls Data 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
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:
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TSMC's stock price surged 6% to T$1,100 ($34.25) at the market open, surpassing the previous record set in July 2023.
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The company boasts the highest market capitalization in Asia at around $884 billion.
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TSMC benefits from the booming AI sector, counting Apple and Nvidia among its major clients.
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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."
