🔴 Taiwan Semiconductor is trading 3.44% down amid yields and oil pressure on chip shares

Taiwan Semiconductor is trading at $53.40, down 3.44%, as semiconductor shares faced pressure amid inflation concerns tied to rising Treasury yields and oil.

• The sector trend cited SOXX down 2.52%.
• Investors questioned whether AI growth can be sustained despite TSMC’s record third-quarter revenue; Reuters reported the quarter beat forecasts.
• No fresh company-specific catalyst explaining the October 9 move was identified.