
Taiwan Semiconductor Manufacturing Company (TSMC) experienced a significant selloff after a two-day trading break caused by a typhoon. When trading resumed, TSMC shares fell by 6.5% in Taipei. The decline is attributed to global investors' growing skepticism about the promises of artificial intelligence (AI), which has affected the broader tech sector. The Taiwan stock market closure meant that investors could not trade TSMC's local shares ($2330.tt), leading to increased selling pressure on TSMC's American Depositary Receipts (ADRs). This situation has contributed to TSMC joining the global tech rout, impacting companies like $NVDA, $ARM, $AMD, $INTC, $AVGO, $MRVL, $MU, and $SMCI.
A selloff in #TSMC shares looks almost inevitable when trading resumes after a two-day typhoon break, during which global investors dramatically soured on the promises of AI
TSMC fell by 6.5% in Taipei after a 2-day typhoon break. #TSMC #TSM
📣 JUST IN: $TSM TSMC Set to Join Global Tech Rout After Typhoon Trading Break - Bloomberg $NVDA $ARM $AMD $INTC $AVGO $MRVL $MU $SMCI 👉 Key Highlights: 📍 TSMC shares expected to fall after two-day typhoon break. 📍 Global investors soured on AI hype, triggering tech… https://t.co/bNzRIpkugc