Trump's Tariff Policy Faces Legal Challenges, Nvidia's Strong Earnings Boost US Stock Market
The U.S. International Trade Court ruled that President Trump's tariff measures exceeded his authority, ordering the withdrawal of all unlawful tariffs within ten days. However, the Trump administration quickly filed an appeal, and the federal appellate court reinstated the tariffs on Thursday, leading to investor uncertainty.
Despite this, Nvidia, the global leader in AI chips, reported strong earnings, causing all major U.S. stock indices to close in the green on Thursday (29th). The Dow Jones Industrial Average rose by 117.03 points, or 0.28%, closing at 42,215.73 points. The S&P 500 climbed by 0.40%, while the tech-heavy Nasdaq increased by 0.39%. The Philadelphia Semiconductor Index was up by 0.54%.
Among U.S.-listed ADRs, TSMC's ADR rose by 0.51%, while ASE's ADR fell by 1.24%, and UMC's ADR declined by 1.28%. Investors should carefully assess risks and take responsibility for investment outcomes.
