TSMC Drags Down Taiwan as Index Suffers Worst Day in 57 Years
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Taiwan’s benchmark stock index plunged by a record, as tech-heavy gauges in Asia took the brunt of a selloff triggered by fear of a deeper US economic slowdown.
The Taiex gauge ended 8.4% lower in Taipei, marking its worst selloff since 1967. The decline was led by AI-chipmaker Taiwan Semiconductor Manufacturing Co., which plunged by 9.8%, also a record daily decline. Its rivals in South Korea tumbled.