Disco CorporationTSMC earnings miss pressured semiconductor sector, causing Disco's ADR to fall.
The New York market fell back on the 16th, with the Dow Jones Industrial Average closing down 105.67 dollars at 52,552.97 dollars, and the Nasdaq down 387.28 points at 25,881.95. Concerns over rising crude oil prices due to intensified attacks on Iran and higher interest rates were met with aversion, while Taiwan Semiconductor Manufacturing Company's earnings failed to meet market expectations, putting selling pressure on the sector and keeping the Nasdaq weak throughout the day. By sector, real estate management and development rose, while semiconductors and semiconductor manufacturing equipment fell. The Chicago Nikkei 225 futures settlement price was 66,040 yen, down 1,755 yen from the Osaka daytime session, and in the ADR market, TDK, Shin-Etsu Chemical, and Disco fell, with selling generally dominating.
Disco CorporationTSMC earnings miss pressured semiconductor sector, causing Disco's ADR to fall.
Taiwan Semiconductor Manufacturing Co. Ltd.
Shin-Etsu Chemical Co., Ltd.TSMC earnings miss pressured semiconductor sector, dragging down Shin-Etsu Chemical as a supplier.
TDK CorporationTSMC earnings miss weighed on semiconductor sector, leading to TDK's ADR decline.