In today’s briefing:
- Taiwan Dual-Listings Monitor: TSMC Premium Break Out Is at Historically High End of Range

Taiwan Dual-Listings Monitor: TSMC Premium Break Out Is at Historically High End of Range
- TSMC: +23.4% Premium; Consider Shorting ADR Spread at Current Level
- UMC: 1.5% Premium; Wait for More Extreme Premium Before Going Short the Spread
- ASE: +4.4% Premium; Wait for Higher Premium Before Going Short