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Ukraine Invasion Sends Chill Through TSMC Shares

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Taiwan Semiconductor Manufacturing shares dropped Thursday as traders worried about Taiwan-China relations in the wake of Russia’s invasion of Ukraine. The chipmaker’s drop was in contrast to gains for the broader semiconductor sector.

TSMC stock (ticker: TSM) fell 3.5% to close at $111.88 on Thursday, trading as low as $104.38 earlier in the session. Shares of Taiwan-based United Microelectronics (UMC) fell 1.8% to close at $9.24. The PHLX Semiconductor Index, known as the Sox, was up 3.5%. GlobalFoundries stock (GFS) jumped…

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