TAIPEI, April 18 Shares of Taiwan Semiconductor
Manufacturing Co (TSMC) opened 2 percent higher on
Friday after the company beat forecasts and posted a 21 percent
increase in its quarterly net profit and targeted record revenue
in the second quarter.
Shares of the world's top contract chipmaker opened up 2
percent and quickly extended the gain to 2.5 percent, tracking
the 2.8 percent rise of its ADRs in New York trading overnight
and beating the broader market's 0.6 percent advance.
(Reporting by Faith Hung; Editing by Miral Fahmy)