(Bloomberg) — Taiwan’s equity benchmark broke a record that stood for three decades, helped by the biggest surge in years for the economy’s biggest stock.
The Taiex closed 2.3% higher Monday as Taiwan Semiconductor Manufacturing Co. soared the 10% daily limit. The $35 billion addition to its market capitalization makes TSMC the 12th most valuable stock worldwide, ahead of U.S. retail giant Walmart Inc. The chip producer for the likes of Apple Inc. wields so much influence over Taiwan’s…
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