Semiconductor stocks under pressure after U.S. losses
Semiconductor stocks under pressure after U.S. losses 02/23/2021 11:25 AM CNA file photo Taipei, Feb. 23 (CNA) Taiwan's semiconductor stocks came under pressure Tuesday morning after similar stocks fell sharply in the United States overnight at a time of rising bond yields, dealers said. Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) led the downturn on the local market after its American depositary receipts (ADRs) fell 2.26 percent in the U.S. on Monday, they said. Old economy stocks benefited from rotational buying in a market that is still highly liquid, helping the weigh...