Megacap tech names such as Nvidia and Advanced Micro Devices are falling as investors rotate to small-cap stocks, ASML tumbles on concerns about more curbs on exports to China, and Taiwan Semiconductor declines on comments from former President Donald Trump. Read More...
Trump says Taiwan should pay for defence, sending TSMC stock down
TAIPEI (Reuters) -Taiwan should pay the U.S. for its defence as it does not give the country anything, Republican presidential candidate Donald Trump told Bloomberg Businessweek, sending shares of Taiwanese chip manufacturer TSMC lower on Wednesday. The United States is Taiwan’s most important international supporter and arms supplier, but they have no formal defence agreement, unlike what Washington has with South Korea and Japan. The U.S. is, however, bound by law to provide Taiwan with the means to defend itself.
Reuters•
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