TSM is trading at $355.44 (-3.7%) in pre-market as geopolitical tensions spike following US-Israeli military operations against Iran and the closure of the Strait of Hormuz.
- Broader market indices are down sharply, with S&P 500 futures falling 1.57% and Nasdaq futures dropping 2.00% as investors shift to a risk-off stance.
- Surging oil prices due to supply disruption concerns are weighing on equities, particularly semiconductor manufacturers sensitive to global supply chain shocks.
- TSM remains highly vulnerable to geopolitical instability and potential economic slowdowns given its critical role in the global tech supply chain.