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International Business Times
International Business Times
Business
AFP News

TSMC Leads Chipmaker Plunge As Trade Resumes After Typhoon Pause

Taiwan chip giant TSMC tumbled along with others in the sector as trade resumed on Friday (Credit: AFP)

Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a typhoon-imposed two-day break to play catch-up with a global tech rout.

Equities across the world tumbled after disappointing earnings from "Magnificent Seven" titans Alphabet and Tesla fuelled worries about the tech sector, which has driven a surge in markets and pushed all three main indexes on Wall Street to multiple record highs.

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