The China Post
Date: July 5, 2016
By: John Liu

TAIPEI, Taiwan — Shares of Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) climbed to NT$166.5 at one point during trading on Monday, resulting in record high capitalization for a single company in the history of the Taiwan Stock Exchange.

The share price, which has been at a 16-year high for days, surged 28 percent, from around NT$130 recorded at the start of 2016.

Thanks to the soaring price, the world’s largest contract chip-maker achieved a NT$4.31 trillion market value yesterday.

Lured by the company’s strong fundamentals, foreign capital placed a net purchase of 80 million shares on Monday.     [FULL  STORY]