Asian stock markets fell sharply following a major sell-off on Wall Street, with technology and semiconductor stocks hit hardest. The drop was driven by investor concerns over potential new regulations on AI companies and data center development after Democrats gained control of both US Congress chambers in the midterm elections. Key tech firms like Samsung, SK Hynix, TSMC, and SoftBank saw significant losses. Former President Trump blamed the Democratic victories for the market turmoil but expressed optimism about a future rebound.
TSM trades at USD 375.20 with a 1-day gain of 6.26% on Pluang as of Nov 06, 2026 17:11 WIB, despite the broader Asian stock market sell-off highlighted in the news. While the article notes significant losses for key tech firms like TSMC, on Pluang, the order activity for TSM shows 95% sell and 5% buy, indicating mixed investor sentiment. The stock remains well below its 52-week high of USD 485.80, reflecting ongoing volatility in the technology sector.
GlobalFoundries announced Q3 2026 results with revenue of $1.899 billion, a 13% increase year-over-year, and a non-IFRS net income of $298 million despite an IFRS net loss of $270 million due to a $441 million non-cash charge. The company highlighted...
Taiwan Semiconductor (TSMC) continues to attract investment due to its critical role in manufacturing advanced AI chips for all major designers. Despite a recent 15.69% share price drop, TSMC's strong revenue growth of 41.2% in Q3, high profitability...
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded its Q3 revenue guidance by $920 million, driven by AI-focused high-performance computing now making up 68% of its revenue. The company is accelerating its 2nm chip production, aiming to more ...
