Chip stocks in Asia tumbled again on Thursday after a bruising selloff of tech stocks on Wall Street the day before, a sign of caution amid concerns the U.S. is poised to slap more trade restrictions on semiconductor technology as investors anticipate a second Donald Trump presidency.
Shares of Taiwan Semiconductor Manufacturing Company fell 2.43% by market close in Taipei on Thursday.its annual revenue forecasts and reported a 40% jump in net revenues from a year ago amid booming demand for its products on the back of the global AI boom. South Korean firm SK Hynix and Japan’s Tokyo Electron suffered heavy losses, respectively down 3.6% and 8.75% in Seoul and Tokyo by market close, and shares of Japanese investing giantSamsung Electronics, the semiconductor arm of the South Korean tech behemoth, managed to escape relatively unscathed, with shares dipping more than 3% in trading hours but rallying within the last hour of trading to close 0.23% up.The chip stock slump in Asia comes on the heels of a bruising day for U.S.