Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
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Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
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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."
