Reported 5 months ago
Asian technology stocks, including TSMC and Tokyo Electron, experienced a second consecutive day of decline amid concerns over potential US trade restrictions on semiconductor sales to China. This decline follows global tech stock underperformance and news of possible stricter trade restrictions, particularly impacting chip-equipment makers like ASML and Tokyo Electron. Geopolitical tensions, including Trump's comments on Taiwan defense, have added pressure on TSMC. Despite potentially tighter curbs, some analysts believe the impact may not be significant and see the situation as an opportunity for profit-taking as the sector has significantly outperformed.
Source: YAHOO