MONEY MASTER

Taiwan Semiconductor Manufacturing Co (TSMC)  is doubling down on its currency risk management as foreign exchange (FX) volatility emerges as a major threat to its margins. CFO Wendell Huang said Friday that the company will  constantly review and adjust its hedging strategies  to offset the impact of a surging Taiwan dollar. 🗣️  “FX is a big uncertainty we cannot control,”  said Huang.  “But we’ve managed to sustain profitability in the past by leveraging other operational factors—and that’s what we aim to continue doing.”   A Multi-Pronged FX Hedging Approach TSMC’s strategy includes: Selling USD in the spot market Using forward contracts Moving US dollar cash holdings into an offshore holding company  with USD-denominated financials This approach is meant to buffer against currency swings that could otherwise erode earnings. The company’s recent Q2 earnings beat and upward revision of 2025 revenue guidance underscore its strong fundamentals, l...

Asian and European stocks climbed on Tuesday, buoyed by Wall Street’s overnight surge led by tech stocks, while the US dollar softened after Monday’s gains. Market Highlights Asian Markets Japan’s Nikkei 225 rose 1.91% , driven by tech-sector strength. The MSCI Asia Index (ex-Japan) gained 1.16% , while Australia's benchmark hit an all-time high, ending up 0.56% . European Markets Early trading saw the Stoxx 600 up 0.62% , with France’s CAC 40 advancing 0.94% after underperforming on Monday due to political instability. US Futures Both S&P 500 and Nasdaq futures remained flat after reaching record highs on Monday. Key tech stocks: Meta Platforms surged nearly 19% . Tesla jumped 12% but dipped 1% in post-market trading following a Delaware court ruling against Elon Musk's compensation package. Currency Movements The dollar index fell 0.15% , while the euro rebounded 0.24% to $1.0524 and the pound climbed 0.27% to $1.2692 . The Chinese yuan slid to a 13-mon...

Chinese stocks soared on Wednesday, driving a regional market rally as Beijing's stimulus measures continued to fuel optimism. The global rally was further supported by risk-sensitive currencies , while Brent crude hovered near a three-week high . Meanwhile, the US dollar weakened following weak macroeconomic data, increasing expectations for another significant interest rate cut by the Federal Reserve . At the same time, gold hit a fresh all-time high . As of 0230 GMT, mainland Chinese blue chips had surged 3.1%, following a 4.3% jump in the previous session. Hong Kong's Hang Seng Index climbed 2.2%, building on Tuesday's 4.1% surge. The rally in Chinese stocks also lifted other regional indices, with Taiwan's benchmark up 1.3% and South Korea's Kospi gaining 0.1%. Japan's Nikkei rose 0.3%, helped by a retreat in the yen, despite some early weakness. The People’s Bank of China followed up on its broad policy easing announcement with a cut in medium-ter...