Trump's One Sentence! TSMC Share Price Plummets by 42 Yuan Before Investor Conference, Breaking the Thousand Yuan Mark, Taiex Drops Over 500 Points

Reported 3 months ago

Taiwan's Taiex index opened at 23,373.01 points on July 18, plunging by 396.81 points in the morning session to 23,250.06 points, with TSMC's share price dropping by 42 yuan to 988 yuan. The decline in tech stocks was influenced by Trump's indication of further protectionist measures after taking office and Biden's stricter China chip ban, causing market turmoil. Concerns are now focused on TSMC's upcoming investor conference and the continuing rotation of funds into small-cap stocks in the U.S.

Source: YAHOO

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