🔴 MediaTek is trading 5% down today as global chip sell-off and tariff threats trigger profit-taking

MediaTek is trading 4.98% down at TWD 3,150.00 as the stock extends a sharp reversal from its recent AI-driven rally amid a broader semiconductor sector downturn.

• The move follows a significant 9.9% drop on July 29, fueled by profit-taking and renewed U.S. tariff threats against semiconductor firms.
• Selling pressure is being exacerbated by a global chip-sector sell-off triggered by disappointing earnings from SK Hynix and rising fears over competition in China.