TSMC is trading at $330.53 (-3.21%) in pre-market, tracking a broader market sell-off driven by escalating Middle East tensions and Iranian threats targeting the tech sector.
- The decline follows a close of $341.49 on April 1, as S&P 500 and NASDAQ futures drop 1.16% and 1.46% respectively.
- Negative sentiment is fueled by rising oil prices nearing $105 and renewed geopolitical hawkishness, reversing the gains seen in the previous session.
- No company-specific news was reported for April 2; the stock's movement is currently dictated by global macro cues and negative sentiment.