Why Taiwan Semiconductor Manufacturing Stock Is Sinking Today

The stock of Taiwan Semiconductor Manufacturing (NYSE: TSM) is seeing a substantial sell-off Monday in response to multiple bearish catalysts. The company's share price was down 2.7% as of 2:45 p.m. ET today amid the trading backdrop of a 3.1% decline for the S&P 500 index.TSMC stock is heading lower in conjunction with bearish momentum for the broader market today after President Donald Trump ramped up his criticism of Federal Reserve Chairman Jerome Powell. Unfolding developments in the trade war and the tech race between the U.S. and China are also pressuring the company's valuation. Stocks are broadly heading lower today, and recent comments from President Trump about the Federal Reserve and Powell are playing a substantial role in the sell-off. In comments this morning, Trump called Powell a "major loser" and said that the Fed should lower interest rates immediately to prevent the U.S. economy from slowing. Investors are having a negative reaction to the possibility that the Trump administration will try to fire Powell before his term as Fed chair concludes in 2026. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool