Taiwan stocks down more than 4% in mixed Asia trade as TSMC plunges 8% - CNBC

Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan.

Toru Hanai | Bloomberg | Getty Images

Shares in the Asia-Pacific were mixed on Tuesday, while Taiwan's benchmark index dropped more than 4% on its return to trade after a holiday, as investors weighed the impact of new U.S. rules on chipmaker TSMC.

Japan and South Korea's markets also resumed trading after a holiday on Monday. The Nikkei 225 fell 2.6% and the Topix lost 1.9%. In South Korea, the Kospi fell 2.35% and the Kosdaq shed 4.3%.

Hong Kong's Hang Seng index fell 1.56% and the Hang Seng Tech index dropped 2.96%. In Australia, the S&P/ASX 200 gave up earlier gains and was about flat.

The Shanghai Composite in mainland China gained 0.4% and the Shenzhen Component rose 0.876%. MSCI's broadest index of Asia-Pacific shares outside Japan fell nearly 2%.

"Equities continue to sell off as the impact of tighter monetary policy spooks investors," ANZ Research analysts wrote in a note Tuesday.

Overnight on Wall Street, the Nasdaq Composite closed at its lowest since July 2020, down 1.04% at 10,542.10, dragged lower by a slump in semiconductor stocks.

The S&P 500 also slipped 0.75% to 3,612.39, while the Dow Jones Industrial Average shed 93.91 points, or 0.32%, to close at 29,202.88.

— CNBC's Carmen Reinicke and Alex Harring contributed to this report.

Adblock test (Why?)

Article From & Read More ( Taiwan stocks down more than 4% in mixed Asia trade as TSMC plunges 8% - CNBC )
https://ift.tt/EJCt7jz
Business

Bagikan Berita Ini