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The Asian bags recorded heavy losses carried by the Wall Street sales wave and uncertainty about possible regulations for the artificial intelligence industry in the United States. The Taiwanese TAIEX index fell by 8.85% during the day, while TSMC lost up to 9.8% and United Microelectronics collapsed by 17%. Given the scale of the losses, the Government of Taiwan called on regulators to intervene to stabilize the market and called for calm.
The Asian bags recorded heavy losses carried by the Wall Street sales wave and uncertainty about possible regulations for the artificial intelligence industry in the United States. The Taiwanese TAIEX index fell by 8.85% during the day, while TSMC lost up to 9.8% and United Microelectronics collapsed by 17%. Given the scale of the losses, the Government of Taiwan called on regulators to intervene to stabilize the market and called for calm.
