TSMC Shares Drop on Sales Guidance Miss, Industry Outlook Cut
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Taiwan Semiconductor Manufacturing Co. fell in Taipei trading after forecasting second-quarter sales that missed estimates and cutting its industry outlook.
The shares dropped as much as 3.1 percent, the most since March 26, to NT$142.50 as of 9:02 a.m. in Taipei. TSMC is the largest component in the benchmark Taiex, which fell 0.5 percent.