Taiwan's stock market took a beating as foreign investors dumped TSMC shares and AI chip fears spread from Wall Street.

• TSMC stock dropped to its lowest level since July as foreign investors sold heavily for a third straight day, while domestic investment trusts were the only net buyers.
• US tech stocks got hit hard after Intel's stock crashed nearly 30% in one day on weak earnings guidance, wiping out huge value and raising fears that AI investment hype has gotten ahead of itself.
• The selloff spread to Taiwan: TSMC's US shares fell sharply, Taiwan's futures market dropped over 800 points overnight, and foreign investors piled into bets against Taiwani stocks.
• Analysts say the stock drop is a price correction, not a sign of weaker business — AI chip demand and earnings are still strong, and Taiwan's hardware-focused firms have solid orders and funding.
• Separately, crypto exchange Binance confirmed North Korean hackers stole around $6.3 billion in digital assets, though Binance says it has recovered about half and will cover all losses itself.

Outlook: Taiwan officials expect the selloff to be a short, temporary market adjustment rather than the start of a lasting downturn, assuming AI hardware demand stays solid.