AI semiconductor stocks such as TSMC experienced sharp declines across the board due to the selling pressure from NVIDIA.
Updated on September 4, 2024, 12:44 JST (excerpt)
TSMC down 5.5%, Advantest down 10.1%, SK Hynix down 9.2%
Taiwan's Weighted Index temporarily down 5.3%, South Korea's Composite Stock Price Index down 3%
TSMC down 5.5%, Advantest down 10.1%, SK Hynix down 9.2%
Taiwan's Weighted Index temporarily down 5.3%, South Korea's Composite Stock Price Index down 3%
In the Asian stock market on the 4th, the impact of significant selling pressure on the AI semiconductor manufacturer NVIDIA in the previous day's US stock market spread, leading to a significant decline in Taiwan's Weighted Index and South Korea's Composite Stock Price Index, both of which have a large proportion of tech-related stocks.
NVIDIA stock plummeted, wiping out 278.9 billion dollars - the largest decline for a single US stock.
Amid renewed concerns over the overheating of the AI boom, the MSCI Asia Pacific Index, an indicator of Asian stocks, temporarily dropped by 2.2%, Taiwan's Weighted Index dropped by 5.3%, and South Korea's Composite Stock Price Index dropped by 3%, recording the largest decline in about a month since the global stock market downturn on August 5th. The Tokyo Stock Price Index (TOPIX) was temporarily down 3.4%. The S&P 500 Index on the 3rd also experienced a significant decline since August 5th.
NVIDIA stock plummeted, wiping out 278.9 billion dollars - the largest decline for a single US stock.
Amid renewed concerns over the overheating of the AI boom, the MSCI Asia Pacific Index, an indicator of Asian stocks, temporarily dropped by 2.2%, Taiwan's Weighted Index dropped by 5.3%, and South Korea's Composite Stock Price Index dropped by 3%, recording the largest decline in about a month since the global stock market downturn on August 5th. The Tokyo Stock Price Index (TOPIX) was temporarily down 3.4%. The S&P 500 Index on the 3rd also experienced a significant decline since August 5th.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment