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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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Article Details

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

News Source URL: theedgemarkets.com

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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About The Edge Markets

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Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 113 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8h ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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