Bearish
TSMC's stock drops 2.2% amid tech sell-off following U.S. inflation data
TSMC's stock declined by 2.2% as part of a broader tech sell-off triggered by higher-than-expected U.S. inflation data. The Nasdaq Composite fell 1.9% on Wednesday, leading to a 3% drop in Taiwan's Taiex index, with TSMC being a significant contributor.
Key points
- TSMC's stock falls 2.2% amid tech sell-off following U.S. inflation data.
- GlobalFoundries plans to build two new chip plants in New York with $21 billion investment from Japan.
Sources
AI-generated from public news sources. Not financial advice.
