Taiwan Semiconductor Manufacturing Co.’s stock has lost more value than any other in Asia since mid-June as investors brace for prolonged weakness in the chip sector. The rout may not be over.
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Since its June high, Taiwan-based TSMC shares have fallen 11%, erasing $77 billion from its market cap due to worries about the macro environment and soft global consumer electronics demand.
TSMC’s $72 billion rout has market bracing for more comes via ChinaTechNews.com.