Daily Market Updates: TSMC shares fall in New York after record quarter

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TSMC shares fall in New York after record quarter

MarketWatch reports TSMC’s stock dipped in New York as investors appeared to sell gains despite the record-quarter results.

Reported · Written up by our desk · Previews

TSMC posted a record quarter, but its shares fell in New York, according to MarketWatch.

The outlet said investors likely rotated out of the stock after the strong results, with trading that suggested profit-taking rather than immediate follow-through.

MarketWatch attributed the negative price action to the fact that expectations are now exceptionally high, setting a tougher bar for what comes next.

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Sources

MarketWatchTSMC posts record quarter , but expectations are now ‘exceptionally high,’ says fund manager

Earnings

TSMC shares fall in New York after record quarter

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Sources

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