LIVE UPDATES: White House Says Pelosi Has Not Confirmed Visit to Taiwan But Has Right to Go

The benchmark Taiwan Stock Exchange Weighted Index plummeted just over 2% on Tuesday, with shares of the Taiwan Semiconductor Manufacturing Company sinking 3.1%.

The US is looking for China to act responsibly and avoid creating a crisis if House Speaker Nancy Pelosi decides to visit Taiwan, Secretary of State Antony Blinken said on Monday at the United Nations.

"And so if the Speaker [Pelosi] does decide to visit, and China tries to create some kind of crisis or otherwise escalate tensions, that would be entirely on Beijing. We are looking for them in the event she decides to visit to act responsibly and not to engage in any escalation going forward," Blinken said following his statement in the UN General Assembly Hall on the Treaty on the Non-Proliferation of Nuclear Weapons.

President Joe Biden did not directly speak with US House Speaker Nancy Pelosi about her plans to visit Taiwan but her potential trip there has been discussed in the national security circles, National Security Council Coordinator for Strategic Communications John Kirby said on Monday.

National Security Council Coordinator for Strategic Communications John Kirby on Monday dismissed reports that the US military urged House Speaker Nancy Pelosi not to go to Taiwan.

Staff of the Grand Hyatt Hotel in Taiwan, where Taiwanese media report Pelosi may stay tomorrow night, avoided answering Sputnik's question about the House speaker's potential arrival.

"As a country, we shouldn't be intimidated," White House national security spokesman John Kirby told CNN's 'New Day', commenting on a potential visit by House Speaker Nancy Pelosi to Taiwan amid harsh criticism from Beijing.