Taiwan Semiconductor Manufacturing Co. shares rose as much as 4.8% to a record
after Taiwan’s Financial Supervisory Commission relaxed a rule raising the
single-stock cap in local equity funds and active ETFs to 25% from 10%. The move
is expected to support inflows of more than $6 billion, according to JPMorgan
Chase & Co., which said it could help the Taiex Index reach 40,000 points. The
bank’s sales desk noted the change lifts a constraint that had limited exposure
to TSMC amid AI-driven inflows. JPMorgan also upgraded Taiwan to overweight,
citing improved AI monetization visibility and rising hardware pricing.
