Taiwan chip rout triggers global tech selloff
On July 17, global technology and semiconductor stocks sold off sharply despite Taiwan Semiconductor Manufacturing Company reporting exceptional quarterly results and raising its growth outlook. The Nasdaq Composite fell 1.47% to 25,885.47, the S&P 500 slipped 0.50% to 7,534.62, and the Dow Jones Industrial Average declined 0.21% to 52,549.51. TSMC...