Tech Shares Connected to Apple Are Hard-Hit in Asian Trading -- WSJ

Dow Jones04-07

By Sherry Qin

Two of Asia's biggest technology names-both with deep links to Apple-were especially hard-hit in the Asian market plunge Monday.

Taiwan Semiconductor Manufacturing, which makes chips for Apple's iPhones and other products, and Foxconn, which assembles the phones, both were down about 10%. That is the maximum daily move under Taipei Exchange rules. Apple shares fell a combined 16% in U.S. trading Thursday and Friday after President Trump's tariff announcement Wednesday afternoon.

Goldman Sachs analysts said they still thought highly of TSMC's long-term prospects given the artificial-intelligence boom, but those hopes were outweighed by "near-term concerns over its high exposure to U.S. exports, the Asian supply chain and U.S. market sensitivity."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 06, 2025 22:02 ET (02:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment