Taiex Drops Over AI Uncertainty, US Interest Rates

Concerns of overvaluation in the AI sector and speculation over US interest rates drove Taiwan stocks down on Friday.

Transcript

00:00Taiwan stocks fell sharply on Friday, following uncertainty over the tech sector and the U.S.

00:05Federal Reserve rate. Taiwan's main index, the Thai X, had its sixth biggest daily drop ever,

00:11falling 3.6 percent. Market heavyweights TSMC and Foxconn were both down nearly 5 percent.

00:18The memory and AI sectors were hit hard due to concerns about valuation.

00:22Investors are proceeding with caution. A speculation grows over whether U.S.

00:27interest rates will go down in December.

00:30For more information visit www.fema.org