Helena Lyng Blak
7 weeks ago

Taiwan Hit by Most Major Earthquake in 25 Years - TSMC Evacuates

World's largest chipmaker TSMC evacuates.
A group of people holding small flags of the Taiwan in their hands.
BUTENKOV ALEKSEI / Shutterstock.com

Early in the morning, local time, the strongest earthquake in 25 years hit Taiwan.

According to Bloomberg the quake's epicenter had a magnitude of 7.4.

Four are confirmed dead with hundreds injured.

The earthquake has led to a tsunami warning for Japan and the Philippines.

The world's largest chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) has evacuated their staff and halted some machinery, before starting to return a couple of hours later, writes CNBC.

TSMC stocks has dipped 1.27% following the earthquake and the TSEC Weighted Index fell as much as 0.9%.

According to the Taiwan Stock Exchange Corporation, the magnitude of the earthquake in Taipei, the capital of Taiwan, was 5.

This is a developing story.


The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

1 hour ago US Market Open: May 28, 2024 - Mixed Signals Amid Sector Divergence Daily update from the US market open.
2 hours ago The Western World’s Financial Leaders Met - Here are 7 Central Highlights Discover how the G7's latest meeting addressed global economic challenges, AI integration, and sustainable development.
7 hours ago Chocolate Trade Tiff: EU Fines Oreo and Toblerone Parent for Anticompetitive Practices EU slaps €337.5 million fine on Oreo and Toblerone maker for stifling trade.
7 hours ago Europe Market Open: May 28, 2024 - Mixed Performance Across European Markets Daily update from the European market open.
22 hours ago Dogecoin Dog Has Passed Away Farewell to Kabosu: The Shiba Inu behind the iconic ‘Doge’-meme and Dogecoin
23 hours ago Israeli Airstrike Hits Rafah Tent Camp Israeli airstrike on Rafah camp kills dozens, raising international alarm.
23 hours ago Meta and Call of Duty Maker Sued by Families of School Shooting Victims Families of the 2022 Uvalde school shooting victims file lawsuits against major corporations and officials, claiming they contributed to the tragedy.
1 day ago Walmart and Capital One Call It Quits on Partnership Walmart and Capital One announce the end of their six-year card partnership amidst legal disputes.
1 day ago US Market Open - May 27, 2024: Wall Street Wavers but Nasdaq Soars Daily update from the US market open.