Reported 6 months ago
On July 17, 2024, the US stock market saw a mixed performance with only the Dow Jones Index gaining, while the S&P 500 and Nasdaq dropped significantly due to the Biden administration's plans for stricter China chip bans, escalating geopolitical tensions. The stock of TSMC ADR fell by nearly 8%, causing a loss in market value of about NT$16.2 trillion. Nvidia also decreased by around NT$6.5 trillion. Tech stocks surged previously but are now losing favor due to concerns over the US-China chip war and withdrawal of funds by investors.
Source: YAHOO