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Updated · Bloomberg · Jun 24MSCI Asia Pacific Index Slips as TSMC Drops 3% After Early 1% Rebound
3 articles · Updated · Bloomberg · Jun 24Summary
- The MSCI Asia Pacific Index turned lower after climbing nearly 1% earlier, showing a cautious rebound from Tuesday’s tech-led selloff had faded.
- TSMC shares fell 3%, dragging on the regional gauge where the chipmaker accounts for more than 10% of the index.
- South Korea’s chip-heavy Kospi, which plunged 10% in the previous session, also gave back part of an early advance.
- Samsung Electronics rose instead, helped by a report that it may announce a share buyback, underscoring uneven sentiment across Asian chip stocks.
Insights
Samsung's stock soars on buyback news while TSMC falls. Which AI titan is the smarter bet for investors right now? As memory makers' profits eclipse foundries, is the power balance in the global semiconductor industry undergoing a fundamental shift? With the AI boom causing a memory shortage, how will 'spec shrinkflation' and price hikes affect your next phone or PC?