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Stock impact report

UPDATE 1-Taiwan's April exports rocket up on tech demand, outlook robust [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
By Reuters Staff 3 Min Read (Recasts, adds details) * Taiwan April exports +38.7% y/y vs +26.9% Reuters poll * April imports +26.4% y/y vs +24% in poll * Finance ministry expects May exports +25% to +31% y/y * Govt sees H1 exports up around 20% y/y TAIPEI, May 7 (Reuters) - Taiwan’s exports rose for a 10th straight month in April, and far exceeded expectations, as global demand for microchips and hi-tech gadgets remained strong in the work-from-home COVID-19 pandemic boom, and the outlook looks robust. Exports rose 38.7% from a year earlier to $34.96 billion last month, the Ministry of Finance said on Friday, the second highest monthly figure on record. Analysts in a Reuters poll had forecast a rise of 26.9% for April, compared with a 27.1% increase in March. The ministry attributed the growth to continued strong demand for tech products to support remote working and the “home economy” even in what is normally the low season. Firms such as Taiwan Semiconductor Manufacturing Co Ltd(TS Show less Read more
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