Bear market looms for Taiwan stocks after chipmaker-led slump

The Edge Markets LogoThe Edge Markets1 mo ago

Bear market looms for Taiwan stocks after chipmaker-led slump

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It was dragged by chipmakers after Bank of America took a cautious view on the industry’s growth prospects.

The Taiex gauge closed 2.7% lower in Taipei, the worst performer in Asia.

Taiwan Semiconductor Manufacturing Co (TSMC), which accounts for more than a quarter of the index’s weighting, dropped 3.1%.

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Category: InvestingFinance

Topics: (june Market Global Tech Taiwan’s Stocks Asia Taiwan Thursday Worst Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 09:18:30

News Timezone: GMT +8:00

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Language: English

Reading Time: 2 minutes read

Article Length: 283 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 22307

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