GMF volumes surge as TSMC AI outlook draws bids

SPDR S&P Emerging Asia Pacific ETF (GMF) has seen unusual trading volume, which is 14× higher than its average daily volume.

The ETF’s largest holding, Taiwan Semiconductor Manufacturing Company Limited, has been in focus after it notified ADR holders of the timetable for submitting proposed resolutions ahead of its 2026 Annual Shareholders’ Meeting, reinforcing its shareholder-governance process for international investors. Fresh analyst commentary also highlighted TSMC’s accelerating AI-driven demand, with expectations that AI-related revenue will rise to the low-to-mid-20% range of total sales this year as the company expands advanced packaging capacity to meet strong chip and high-bandwidth memory orders.