(Bloomberg) -- The long-favored arbitrage strategy of buying Taiwan Semiconductor Manufacturing Co.’s Taipei shares while shorting its US listing is starting to become painful. Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanHow the US Mopped Up a Third of Global Capital Flows Since CovidUkraine Bid for Global South Support Falters at Swiss SummitDanes Asked to Keep Supplies, Iodine Pills to Prepare for CrisesSouthwest Plane Plunged Within 400 Feet of Ocea
Micron Technology, Taiwan Semiconductor Manufacturing, Coherent, and Qualcomm have also done well this year.
The latest trading day saw TSMC (TSM) settling at $172.91, representing a -0.04% change from its previous close.