Investing.com-- Most Asian stocks fell sharply on Friday after reports of Israeli strikes on Iran further ramped up concerns over worsening geopolitical conditions in the Middle East, while persistent warnings on U.S. interest rates also battered sentiment.
TSMC still posted strong earnings growth, and even flagged a positive earnings outlook. But this was largely overshadowed by a cut to the chipmaker’s forecast for 2024 semiconductor market growth, with TSMC citing weak demand for consumer electronics as largely outweighing improved demand from the artificial intelligence sector.
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