Tech stocks wobble on deepening Sino-US chip war

By Youn Ah Moon and Ankur Banerjee – Reuters

Chip stocks in Asia tumbled on Thursday while their European counterparts got off to a tentative start after a news report that the United States was considering tighter curbs on exports of advanced semiconductor technology to China.

Among the worst hit in Asia were shares of Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, which has shed roughly T$1.7 trillion ($52.13 billion) in market value over two days.