Trump Accuses China of Violating Trade Agreement, US Stocks Mixed, TSMC ADR Falls 2.09%

On Friday, US stocks experienced mixed results with TSMC's ADR falling 2.09%. President Trump accused China of violating the preliminary trade agreement, causing a renewed escalation in the trade war.
The Dow Jones Industrial Average rose by 54.34 points, or 0.13%, the S&P 500 dipped by 0.01%, and the Nasdaq index fell by 0.32%. The Philadelphia Semiconductor Index dropped by 2.11%, while TSMC's ADR closed at $193.03.
According to reports, Trump accused China of “completely violating” the preliminary trade agreement in a social media post on Friday morning, hinting that the US would take action in response. He later mentioned that Beijing had violated most of the agreement but expressed hope for a call with Chinese President Xi Jinping to resolve the issues.
Legal disputes surrounding tariffs have introduced new uncertainties to an already unstable market, raising investor concerns that US trade policies could lead to an economic downturn.
In Friday's session, large-cap stocks showed varied performances, with NVIDIA falling 2.92%, Tesla down 3.34%, Microsoft up 0.37%, and Apple up 0.45%. The Dow closed on the 30th with an increase of 54.34 points at 42,270.07 points.
The Nasdaq index fell by 62.10 points to close at 19,113.77 points, the S&P 500 dropped by 0.48 points to 5,911.69 points, and the Philadelphia Semiconductor Index fell by 102.42 points to close at 4,758.06 points.
In May, US stocks performed strongly, with most gains occurring after the US and UK announced a trade agreement. The S&P 500 rose by 6.2% this month, the Nasdaq increased by 9.6%, both marking their best performances since November 2023, while the Dow saw a rise of 3.9% this month.