Taiwan tech stocks drop after Trump tariff announcements
ReutersFeb 3, 2025 1:07 AM
TAIPEI, Feb 3 (Reuters) - Technology stocks in Taiwan dropped on Monday with major chipmaker TSMC 2330.TW sliding 6% and Apple supplier Foxconn 2317.TW down 8% after U.S. President Donald Trump announced tariffs on Canada, Mexico and China.
Taiwan's benchmark index .TWII was down around 4%. Financial markets in Taiwan re-opened on Monday after the week-long Lunar New Year holiday.
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