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  • 6 hours ago
Taiwan's benchmark stock index fell sharply on Wednesday, with the Taiex losing 2.24% amid a broader tech-led global selloff. The decline followed a steep drop in the Philadelphia Semiconductor Index, while TSMC shares came under pressure as investors weighed concerns over AI-driven growth and the prospect of higher US interest rates.
Transcript
00:00Taiwan's benchmark stock index plunged on Wednesday.
00:03The Tayex shed gains from early this week, ending down 2.24 percent.
00:08This follows a sharp loss in the Philadelphia Semiconductor Index, which tracks the sector's
00:1330 largest companies.
00:15Market heavyweight TSMC shares dropped amid investor worries about the prospects of continued
00:20AI momentum and a more hawkish U.S. rate outlook.
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