Taiwan's stock exchange dropped by over 4% on Wednesday on the back of fears of a slowdown in the U.S. economy.
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00:00Taiwan's stock exchange has plunged by 4.5% after a sell-off in the tech sector.
00:06The Thai X had dropped by as much as 5% in early trading and finished at just over 21,000 points
00:13by close of trade on Wednesday. Investor sentiment was hit by poor manufacturing data from the US,
00:20signalling a slowdown in the world's largest economy.
00:23Taiwanese stocks had been riding high on the back of a boom in AI, with companies like TSMC
00:29among the key suppliers for US tech giants. But Nvidia, the world's leader in AI,
00:35saw its shares dip almost 10%, helping fuel the sell-off in Taiwan.