The US stock market broke free from its sluggishness on the 2nd, with all four major indices climbing. Investors are awaiting President Donald Trump's recent tariff threats, which have sparked new trade uncertainties. The Dow Jones Industrial Average rose by 35.41 points, the S&P 500 gained 0.41%, the Nasdaq increased by 0.67%, and the Philadelphia Semiconductor Index surged by 1.57%. TSMC's ADR rose by 0.79%, closing at $194.84.

Reports indicated that Trump expressed dissatisfaction with China for violating the preliminary agreement reached in Geneva, Switzerland. US Treasury Secretary Scott Bessent stated that Trump and China's President Xi Jinping would soon have a call to ease the tensions caused by critical minerals and mentioned that China is holding back on releasing rare earths as per the Geneva agreement.

In response, China dismissed Trump's accusations as baseless and stated it would take strong measures to safeguard its interests. Additionally, Trump plans to raise the import tariffs on steel and aluminum from 25% to 50% starting on the 4th, stimulating gains in US steel stocks. Cleveland-Cliffs surged 23%, while other steel manufacturers like Nucor and Steel Dynamics also saw their stock prices rise. However, automobile manufacturers like Ford and General Motors recorded declines in their stock prices. Nvidia rose by 1.67%, and Meta surged 3.62%.