TSMC's rally in Taiwan has outpaced its US-listed shares this year, narrowing its ADR premium to 13.7%, a two-year low, driven by local investor optimism (Charlotte Yang/Bloomberg)

Charlotte Yang / Bloomberg : TSMC's rally in Taiwan has outpaced its US-listed shares this year, narrowing its ADR premium to 13.7%, a two-year low, driven by local investor optimism — Local investors are driving the premium on Taiwan Semiconductor Manufacturing Co.'s US-listed shares to a two-year low as they pile …

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