Taiex to face heavy pressure after TSMC's ADRs plunge nearly 6%: Analyst - Focus Taiwan

The Taiex, the Taiwan Stock Exchange's benchmark index, is expected to face heavy downward pressure Monday after American depositary receipts (ADRs) of contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) plunged nearly 6 percent overnight, tracking a broader sell-off in U.S. tech stocks amid concerns over massive artificial intelligence (AI) spending, an analyst said Saturday.