In today’s briefing:
- Taiwan Dual-Listings: TSMC Premium Drops But Still 8.8%; ASE Premium High & Looks Stretched
Taiwan Dual-Listings: TSMC Premium Drops But Still 8.8%; ASE Premium High & Looks Stretched
- TSMC’s ADR premium dropped to 8.8% but still historically high. The company has said it will send more Taiwan staff to get its U.S. production up and running.
- ASE’s ADR premium is high even for this usually-high premium range. ASE ADRs may be slightly behind the curve of the local shares’ recent decline, hence the spread opened up.
- Chunghwa Telecom is at a relatively high ADR premium for this tightly trading range.
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