TSMC Shares Surge as Taiwan Lifts Single-Stock Limit for Funds

Taiwan Semiconductor Manufacturing Co. shares climbed to a record after Taiwan’s financial regulator eased limits on single-stock fund holdings, a move that JPMorgan Chase & Co. said could draw more than $6 billion of inflows.

Shares of the chipmaker gained as much as 5.1% and the benchmark Taiex Index rose as much as 3.3%, the most in Asia.