Taiwan’s TSMC overtakes Tencent as Asia’s most valuable stock as China crackdown crushes its own tech champions

Source: Tech – South China Morning PostChina’s unrelenting regulatory assault on internet-platform operators is crashing the market value of Tencent Holdings and its industry peers, allowing Taiwan’s biggest chip maker to leapfrog them as the most valuable company in Asia Pacific.Taiwan Semiconductor Manufacturing Company (TSMC) has a market capitalisation equivalent to US$540 billion at the close of trading on Tuesday, following a 9.4 per cent rally in the stock this year. It outranked Tencent, which is worth US$535.8 billion,…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy