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TSMC Leads Taiwan Hunch, as Index Suffers Worst Day in 57 Years

TSMC Leads Taiwan Hunch, as Index Suffers Worst Day in 57 Years
August 5, 2024



Taiwan’s benchmark inventory index plunged by way of a report, as tech-heavy gauges in Asia took the brunt of a selloff brought on by way of concern of a deeper US financial slowdown.The Taiex gauge ended 8.4% decrease in Taipei, marking its worst selloff since 1967. The decline was once led by way of AI-chipmaker Taiwan Semiconductor Production Co., which plunged by way of 9.8%, additionally a report day-to-day decline. Its competitors in South Korea tumbled.

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