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US-China London Talks Show Goodwill, Taiwan Stocks May Break Out of Consolidation Today

US-China London Talks Show Goodwill, Taiwan Stocks May Break Out of Consolidation Today

According to a report from the finance center, US stocks have surged recently, with Taiwan's futures index up by 94 points in night trading, raising expectations that the Taiwan stock market might break free from consolidation pressure at the opening. The US May non-farm payroll data exceeded market expectations, alleviating concerns over economic recession.

According to data released by the US Department of Labor, 139,000 non-farm jobs were added in May, maintaining an unemployment rate of 4.2%. Although the previous two months' data were revised down, this report still provides a positive signal to the market. Trump called for the Federal Reserve to lower interest rates quickly, stirring hopes for monetary easing.

The resumption of US-China trade negotiations also stimulated market sentiment, with the White House and Chinese officials expected to hold new trade talks in London, focusing on rare earth products and other trade issues. Taiwan's weighted index slightly fell on Friday, but the current market conditions have not gone out of control, continuing to attract attention despite net selling by institutional investors. Analysts suggest focusing on key sectors such as TSMC and AI servers today.