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TW Stocks Suffer Record Foreign Selloff; TSMC Sees Stake Cut of 155M Shrs
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Taiwan’s stock market is suffering its most severe foreign selloff in history, Bloomberg, citing exchange data, reported. As of Wednesday, March 12, global funds net sold Taiwanese stocks worth TWD391 billion (approximately USD11.9 billion) over the past 12 trading days. TSMC, a key player in the market, saw 155 million shares offloaded, with its stock price slumping nearly 10% during this period. The selloff comes amid a broader decline in global chip stocks this year, driven by concerns over potential valuation bubbles in the sector. Jeremy Chen, an analyst at HSBC Research, noted that while artificial intelligence remains a transformative force, market volatility and uncertainty have prompted investors to adopt a more cautious stance. In view of these challenges, HSBC has shifted its focus toward non-tech sectors, embracing a more defensive investment strategy. AAStocks Financial News |
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