TSMC Joins Global Tech Rout as Trading Resumes After Typhoon
- Stock falls most in three months as markets reopen Friday
- Chipmaker’s decline helps drag Taiex Index near correction
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Taiwan Semiconductor Manufacturing Co. shares fell the most in three months upon trading resumption, joining a global tech rout as investors dramatically soured on the promises of artificial intelligence.
Share declined 5.6% in Taipei Friday, dragging down the benchmark Taiex index, which fell more than 3% to near a technical correction. Other chip stocks ASE Technology Holding Co. and Hon Hai Precision Industry Co. slumped at least 4% each. Local markets reopened after a two-day closure due to a typhoon.