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Stock impact report

UPDATE 1-Taiwan March export order growth rises unexpectedly on telecommuting demand [Reuters]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Reuters
UPDATE 1-Taiwan March export order growth rises unexpectedly on telecommuting demand * March orders +4.3% y/y vs -10.15% in Reuters poll * Orders from China +7.5% y/y; U.S. +9.1% * Ministry sees April orders between -6.3% and -10.3% y/y * Ministry says virus outbreak to curb growth momentum TAIPEI, April 20 (Reuters) - Taiwan’s March export orders unexpectedly grew at their fastest pace in 17 months, helped by a boom in telecommuting amid the coronavirus outbreak and as factories begin reopening in China, the island’s largest trading partner. Export orders for Taiwan, seen as a bellwether of global technology demand, rose 4.3% from a year earlier to $40.26 billion, data from the Ministry of Economic Affairs showed on Monday. Economists in a Reuters poll had estimated orders would drop 10.15% compared with a 0.8% decline in February. The ministry said March’s better-than-expected performance, whose yearly growth was the strongest since October 2018, indicated that “delayed” demand for Show less Read more
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