Nancy Pelosi's looming visit to Taiwan is dragging the island's stock market down | Businessinsider

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Nancy Pelosi's looming visit to Taiwan is dragging the island's stock market down

Business Insider USHouse Speaker Nancy Pelosi attends her weekly news conference at the US Capitol on February 23, 2022 in Washington, DC. Win McNamee/Getty Images

The Taiwan Stock Exchange Weighted Index slipped as much as 2.1%, and Taiwan Semiconductor Manufacturing dropped as much as 3.1% before paring losses to 2.38%. Should the US Speaker of the House touch down, it would signify a visit by the highest-ranking official in Taiwan in 25 years.

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