TSMC Falls 1.69% as Goldman Data Shows Fund Managers Selling Semiconductor Stocks
M+ Global Updates 11/06/2024 22:13

Shares of Taiwan Semiconductor Manufacturing Co. ($Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR TSM$) fell by 1.69% to US$165.46 at 22:13 GMT+8. The stock had hit a record high the previous day, rising over 60% year-to-date.

According to data from Goldman Sachs' prime brokerage, fund managers have been net sellers of US technology stocks for the third consecutive week, with semiconductor and semiconductor equipment stocks seeing the largest net selling, while software stocks saw the most net buying.

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