3119.HK is trading 3.6% down today as semiconductor stocks across Asia and global markets sell off following TSMC’s sharply higher capital expenditure guidance and massive new U.S. investment plans.
- Investors are reassessing valuations amid concerns that the AI infrastructure boom requires heavier, longer-term spending commitments.
- Macroeconomic headwinds, including South Korea’s surprise interest rate hike and escalating U.S.-Iran tensions, are further weighing on risk appetite for cyclical technology names.