Taiex to face heavy pressure after TSMC's ADRs plunge nearly 6%: Analyst

Taipei, Oct. 31 (CNA) The Taiex, the Taiwan Stock Exchange's benchmark index, is expected to face heavy downward pressure Monday after American depositary receipts (ADRs) of contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) plunged nearly 6 percent overnight, tracking a broader sell-off in U.S. tech stocks amid concerns over massive artificial intelligence (AI) spending, an analyst said Saturday.

Source: Focus Taiwan (CNA), published 2026-10-31. The summary is the Hub's own; the full story is at the source. Report a rights or accuracy concern