TSMC leads chipmaker plunge after hiatus

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TAIPEI — Taiwanese giant Taiwan Semiconductor Manufacturing Co. (TSMC) tumbled with several other leading chipmakers on Friday as traders returned from a typhoon-imposed two-day break to play catch-up with a global tech rout.

Equities across the world tumbled after disappointing earnings from “Magnificent Seven” titans Alphabet and Tesla fueled worries about the tech sector, which has driven a surge in markets and pushed all three main indexes on Wall Street to multiple record highs.

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