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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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TSMC's US$10B Currency Hedge Move: What Investors Need to Know

Strategic Shift

Taiwan Semiconductor Manufacturing Co (TSMC) is injecting US$10 billion into its global unit, marking its biggest move yet to counter volatile exchange rates. This capital infusion will bolster TSMC Global Ltd, allowing greater flexibility to manage foreign exchange hedging.


Why Now?

  • The Taiwan dollar’s recent strength triggered volatility fears.

  • TSMC is responding by reallocating its FX holdings to its global unit for better cost control.

  • Hedging costs have surged with one-year implied volatility reaching its highest since 2011.

Operational Purpose
The funds will be used for general investments — such as bank deposits and bonds — while facilitating natural hedging for US revenues and global expansion.

MoneyMaster Take — Key Insights:

  1. TSMC is proactively managing currency risk with a record cash injection.

  2. A stronger Taiwan dollar pressures export margins, reinforcing the need for FX strategy.

  3. The move strengthens TSMC’s US operations and shields future global investments.

Our Move:
Investors looking for stability in the semiconductor sector should see this as a sign of disciplined risk management. TSMC continues to demonstrate foresight amid a turbulent macro backdrop.

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