Reported 12 months ago
Former U.S. President Trump's remarks blaming Taiwan for the semiconductor business and suggesting protection fees have led to a significant sell-off in tech stocks, with TSMC's American Depositary Receipts (ADR) dropping nearly 8%. TSMC shares opened below NT$1,000, closing at NT$988, reflecting a market value loss of over NT$1 trillion. This has raised concerns about geopolitical risks in the semiconductor sector amidst ongoing market volatility influenced by both Trump and President Biden's positions on Taiwan and the semiconductor industry.
Source: YAHOO