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TSMC's market cap continues record upswing after June sales report

focustaiwan.tw, Jul. 13, 2020 – 

Taipei, July 13 (CNA) The market capitalization of Taiwan Semiconductor Manufacturing Co. (TSMC) continued its rise on the stock market Monday, after the company's record monthly sales report for June.

Shares of TSMC, the most heavily weighted stock on the Taiwan Stock Exchange (TWSE), rose 1.72 percent to close at the day's high of NT$354.50 (US$12.03), vaulting the stock's market cap past Friday's record NT$9.03 trillion to a new high of NT$9.19 trillion.

Soon after the equity market opened, TSMC shares again attracted buying, as investors were motivated by the strong June sales report released Friday by the company, the world's largest contract chipmaker.

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