Popular Arbitrage Trade Backfires as TSMC Frenzy Grows in US

on Jun 17, 2024 06:45:AM

The long-favoured arbitrage strategy of buying Taiwan Semiconductor Manufacturing Co’s  Taipei shares while shorting its US listing is starting to become painful. The enthusiasm over artificial intelligence (AI) in the US has pushed TSMC’s American depositary receipts (ADRs) to their most expensive price versus the Taiwan stock since 2009 this quarter, data compiled by Bloomberg […]

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