Taiwan's benchmark stock index fell about 9% in morning trading on the 6th, a record intraday drop, Taiwanese media reported. Taiwan Semiconductor Manufacturing Co. (TSMC) also hit limit down.
The selloff was concentrated in high-tech shares and was tied to the US midterm elections, according to TV Asahi's ANN. In Tokyo, the Nikkei average fell more than 4,300 points and dropped below 60,000, TBS NEWS DIG reported.
TBS cited growing concern that tighter regulation of AI and data centers after the midterms will slow investment and hurt corporate earnings, particularly at semiconductor-related companies.
The declines in Taipei and Tokyo followed a sharp fall on Wall Street, where the Dow Jones Industrial Average dropped more than 1,800 points at one point.