Why Taiwan Semiconductor Manufacturing Stock Is Sinking Today

Taiwan Semiconductor Manufacturing (TSM -4.78%) stock is sinking rapidly Thursday. The company's share price was down 4.3% as of 2:45 p.m. ET. Meanwhile, the S&P 500 (^GSPC -2.88%) was down 2.8%, and the Nasdaq Composite (^IXIC -3.72%) was down 3.8%.TSMC and other semiconductor stocks roared higher yesterday after President Trump announced a 90-day suspension on "reciprocal tariffs" for all countries except China, but those gains are being eroded in Thursday's trading. As of this writing, the chip fabricati ...