TSMC Shares Dip as KOSPI Suffers Fifth-Largest Selloff; 80% of Fund Managers Crowded into Semiconductors
TSM•Taipei’s chipmaking giant TSMC shares dipped as South Korea’s KOSPI posted its fifth-largest selloff, driven by waning retail ETF demand. Investors now look to Micron’s after-hours earnings report for cues on long-term supply deals and upfront payments, with a record 80% of fund managers crowded into semiconductor trades.
1. Market Selloff and ETF Regulation
South Korea’s KOSPI tumbled, marking its fifth-largest selloff as retail investors pulled back from leveraged ETF products following a sudden regulatory turn. This decline highlights fading momentum in a market previously driven by record retail participation.
2. TSMC Share Performance
In Taipei, TSMC shares edged lower, reflecting broader semiconductor sector weakness and investor caution after the regional equities rout.
3. Micron Earnings as Sector Guide
Attention now shifts to Micron’s after-hours earnings report for signals on long-term supply agreements and upfront customer payments; a Bank of America survey shows 80% of fund managers are heavily positioned in semiconductor stocks, the highest level on record.
