TSM is trading at $363.00 (-3.09%) in pre-market as escalating US-Israeli strikes on Iran and the closure of the Strait of Hormuz trigger a sharp broader market selloff.
- Geopolitical tensions have intensified following the reported death of Iran's Supreme Leader, pushing oil prices up 10% and sending major index futures down over 1%.
- The decline is driven by macroeconomic instability rather than company-specific news; no new earnings or announcements were released for TSM today.
- While recent developments regarding ASML's High-NA EUV milestone were positive for TSM, the news has been overshadowed by the current regional conflict.