Why Taiwan Semiconductor Manufacturing Stock Is Jumping Today

Following gains in Tuesday and Wednesday's trading, Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is moving higher again Thursday trading. The contract semiconductor fabrication leader's share price was up 4.2% as of 2:30 p.m. ET. At the same point in the day, the S&P 500 was up 1.8%, and the Nasdaq Composite was up 2.3%.TSMC stock is moving higher along with the broader market today in conjunction with ongoing developments that suggest the U.S. and China could soon reach some manner of trade deal. The stock is also getting a boost from exciting new technology the company showcased yesterday.The broader market is continuing to move higher today on hopes that a trade deal between the U.S. and China is on the horizon. Some reports have also suggested that Trump administration employees have made comments suggesting that the principal terms for a trade deal with India are close to completion. On the other hand, Chinese government officials said yesterday that there were currently no trade talks with the U.S. taking place. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool