Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. may be considering tighter export restrictions.
TSMC's suppliers also took a hit, with Japanese machinery companies Tokyo Electron slumping almost 9% while Screen Holdings fell more than 8%.
Any sort of tariffs and curbs to trade are going to impact these chip companies.
South Korean chip stocks were not spared.
Samsung Electronics slid by nearly 2%, while SK Hynix tumbled nearly 5% and SK Square plunged nearly 10%.
Persons:
Biden, Organo, Ayako Yoshioka
Organizations:
Bloomberg, Taiwan Semiconductor Manufacturing, Screen Holdings, Samsung Electronics, SK Hynix, SK Square
Locations:
U.S, China, Asia, Tokyo