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Stock impact report

Global Funds Unwind Hottest AI Trades as Oil Supply Fears Mount [Yahoo! Finance Canada]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
(Bloomberg) -- Foreigners are fleeing from Asia's hottest markets this year, as exuberance in the artificial-intelligence trade gives way to fears about an oil-driven inflation shock. Overseas investors sold about $3.1 billion of South Korean shares this week after offloading a record $13.7 billion last month. In Taiwan, they dumped another $3.6 billion, putting the market on track for the biggest weekly outflow since late December. Most Read from Bloomberg The pullback has been concentrated in high-flying chipmakers that had propelled both markets to record highs until last month. In Korea, memory chip heavyweights Samsung Electronics Co. and SK Hynix Inc. have each fallen almost 20% this week, with the former headed for its worst two-day rout in almost five decades. Shares of Taiwan Semiconductor Manufacturing Co. have fallen more than 5% this week. “Crowded longs in AI and everything else were sold aggressively in the race to bring down exposures across markets as Iran sit Show less Read more
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