Canada Opens Gordie Howe Bridge Without U.S. Officials as Trump Tariff Tensions Persist 
Brent Oil Holds Above $100 as Red Sea Attacks, Iran Conflict Threaten Global Supply 
Trump Says No Decision on Major Iran Strikes as U.S.-Tehran Talks Intensify 
Asian Stocks Slide as Oil Tops $100, Middle East Conflict Fuels Inflation Fears 
Japan CPI Rises in June, but Core Inflation Stays Below BOJ’s 2% Target 
Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners 
Gold Price Climbs Above $4,130 as Middle East Tensions Boost Safe-Haven Demand 
Japan Manufacturing Growth Holds Strong in July Despite Middle East Uncertainty 
US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point 
US Dollar Posts Best Weekly Gain in Over a Month as Middle East Tensions Boost Safe-Haven Demand 
Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge 
Canada Vows Trade Fight as Trump Imposes 50% Tariffs 
US Dollar Pauses Rally as Middle East Tensions Support Safe-Haven Demand 
Europe Economy Faces Recession Risk as Energy Costs and Weak Manufacturing Weigh on Growth 
Oil Prices Pull Back After Two-Week Rally as Middle East Supply Risks Persist 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
Japan’s Nikkei Slides Over 2% as Alphabet Selloff Sparks AI Spending Concerns 
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."
