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Trading Idea of the Day
NASDAQ:TSM - Taiwan Semiconductor Manufacturing Ltd(BULLISH - long term & BULLISH - short term)
- Key levels on the chart - consider taking trades from key support/resistance zones.
- Taiwan Semiconductor Manufacturing (NYSE:TSM) is set to make history with one of the largest foreign investments in the United States. The company will announce plans on Tuesday to build its second chip plant in Arizona, increasing its investment in the state to $40B.
- Warren Buffet recently took a major position in TSMC in a bet that the world cannot do without silicon.
- Taiwan Semiconductor Manufacturing or TSMC is set to build a wafer fab, deploying 1-nanometer process technology at the Longtan campus of Hsinchu Science Park in Taiwan.
ASX & Economic Key Events
ASX Key Events Calendar (TODAY)
Economic Key Events (TODAY)
Economic Key Events (YESTERDAY)
OPTO For Investors Research
Article of the Day: Morgan Stanley sees 48% upside for United Airlines shares
Podcast of the Day: Champel Capital’s Amir Weitmann on investing in deep tech
APAC Daily Report
Market Snapshot & Highlights as of 8:00am AEDT
EXPECTATIONS: Energy LOWER (lower oil prices) & Materials HIGHER on overall base metal prices.
Global Markets Headlines
- China eases Covid restrictions on travel and production (CNBC)
‘There is a slowdown happening’: Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes (CNBC)
U.S. pledges to ramp up supplies of natural gas to Britain as Biden and Sunak seek to cut off Russia (CNBC)
China’s Xi to visit Riyadh as Saudi Arabia seeks to expand international reach (CNBC)
Russian Oil-Price Cap Adds to Fiscal Pressure on Moscow (WSJ)
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)
Disclaimer: CMC Markets is an order execution-only service. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
