TSMC, Tokyo Electron Lead Tech Selloff in Asia on Trade Angst
- Tokyo Electron set for worst two-day decline since 2015
- Losses show market sentiment, not fundamental worry: Global X
This article is for subscribers only.
Asian technology stocks fell for a second day on concerns over risks of tighter US curbs on semiconductor sales to China.
Shares of Japanese chip-equipment maker Tokyo Electron Ltd. slid as much as 11%, and were on course for their worst two-day loss since 2015. Korean memory maker Samsung Electronics Co.’s shares dipped as much as 3.3%, while leading foundry Taiwan Semiconductor Manufacturing Co.’s closed 2.4% lower Thursday.