Why Sogou, Sohu.com, and Taiwan Semiconductor Manufacturing Stocks All Popped Today
Geopolitical squabbles between America and China notwithstanding, Monday is looking like a great day to own Chinese stocks. In early trading this morning, shares of web portal Sohu.com (NASDAQ: SOHU) and its Sogou (NYSE: SOGO) search engine are surging 38.6% and 46.1%, respectively. Across the strait in Taiwan, chip manufacturing giant Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is up a strong 9.4% as of 10 a.m. EDT.
The reasons these stocks are surging, however, couldn't be more different.
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Source Fool.com
