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Taiwan’s Market Fortunes Are Tied to TSMC Like Never Before

  • Chipmaker’s stock gains come as inflows aid Taiwan dollar
  • Company’s fortunes have influence on Taiwan’s economy
General Views From Taiwan Semiconductor Manufacturing Company HQ Ahead Of Earnings
Photographer: Maurice Tsai/Bloomberg
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Taiwan’s largest stock is so dominant it’s even underpinning a surge in the local currency.

Of the more than $4 billion that foreign investors have sent into Taipei-listed equities this year, about 60% has landed with Taiwan Semiconductor Manufacturing Co. Inflows this month have helped the Taiwan dollar strengthen nearly 1.4%.