TSMC(US:TSM) 智通财经网·2025-08-20 10:49Group 1 - Emerging market stocks and currencies are expected to face their largest decline in about three weeks due to a sell-off in U.S. tech stocks, impacting demand for riskier assets [1] - The MSCI Emerging Markets Currency Index fell by up to 0.3%, while the index reflecting stocks from developing economies dropped by 1.3% [1] - The Taiwanese dollar and South Korean won led the declines, with TSMC (TSM.US) being the largest loser in the stock market [1] Group 2 - The Federal Reserve's interest rate direction is again in focus, with the minutes from the July Federal Open Market Committee meeting to be released soon [1] - Investors are looking forward to comments from Fed Chair Powell at the Jackson Hole meeting for clues on potential easing policies, with traders anticipating a rate cut in September [1] - Faergemann predicts that the Fed will cut rates in September and continue to do so quarterly over the next 12 months, aligning with a "soft landing" scenario [3]