Chaotic scenes confronted investors as Afghanistan's capitol city of Kabul and the country came under the control of the Taliban and thousands of people attempted to flee the country. President Ashraf Ghani fled the country Sunday as the Afghan government collapsed, the New York Times reported.
The takeover followed planned U.S. withdrawal from Afghanistan following two decades of military involvement.
Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that U.S. actions could have repercussions far beyond Afghanistan.
Cramer said that U.S. allies, namely Taiwan, and chipmaker Taiwan Semiconductors (TSM) - Get Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR Report have to be weighing the value of a relationship with the U.S. when it comes to deciding where to allocate chips.
"The Taiwanese have to be worried we'll abandon them," Cramer said.
Recap TheStreet Live: Everything Jim Cramer Is Watching 8/16/21