Asia semiconductor selloff deepens despite TSMC's strong results

NVDA -1.84% MS +0.33% FITB +1.43% RF +1.56%

1. 1Taiwan Semiconductor (TSM) shares fell as much as 4.5% on the Taiwan stock exchange despite better-than-expected earnings.
2. 2TSMC raised its 2026 capital spending by at least $4 billion from its prior plan to $60–64 billion, fueling concerns over higher costs and profitability.
3. 3The Bloomberg Asia Semiconductor Index plunged more than 5% on the day, dropping roughly 19% from its June high, with Kioxia Holdings leading the decline.

Source Bloomberg +4 · View original ↗

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