A member of the US Coast Guard observing a Venezuela-linked oil tanker. Photo: US European Command
Reuters
Blockbuster results from chipmaker TSMC bounced Wall Street higher after two days of losses, while oil and gold fell off recent highs as demand for safe-haven assets subsided on signals US president Donald Trump might be less inclined to take immediate military action against Iran.
Taiwan’s TSMC, the world’s biggest producer of advanced AI chips, posted a forecast-smashing 35pc jump in fourth-quarter profit, sending its US-listed shares to a record high.
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