Free Trial

TSMC Disappoints On Guidance


Taiwan dollar is weaker today, USD/TWD last up 0.054 at 27.938. USD/TWD retracing its move lower from yesterday after TSMC reported strong earnings, sales grew by above 20% in USD terms. The company did issue guidance slightly below estimates and warned that the global chip shortage could start easing in the next few months. TWD likely coming under pressure today on outflows as TSMC drags the Taeix lower.

  • On the coronavirus front there were 14 locally transmitted cases in the past 24 hours, while Taiwan yesterday received three shipments of COVID-19 vaccines, a total of 1.88 million doses. The nation has so far received 8.92 million doses of the AstraZeneca and Moderna vaccines.

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.