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

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.

Author: OpenAI