US-China Tariff Tension Eases? Trump's Softened Stance Fuels Stock Market Surge, TSMC ADR Up 5%

Following a softened stance from President Donald Trump, U.S. equities surged in the early session. Trump indicated he would not dismiss Federal Reserve Chairman Jerome Powell and emphasized that tariffs on China would not remain at the current high level of 145% for long. On this day (23rd), the Dow Jones Industrial Average shot up by over 1000 points, reclaiming the 40,000 mark, while the Philadelphia Semiconductor Index, closely linked to Taiwan's market, soared by more than 5%, and TSMC's ADR also jumped by over 5%.
In addition, the technology-heavy NASDAQ index rose more than 600 points in the early session, with NVIDIA recovering nearly 6% after previous drops, and Apple's shares climbing over 3%. White House Press Secretary Levitt stated that the President himself communicated an optimistic view on trade discussions with China, mentioning initial progress in 18 trade proposals, including negotiations with China. On the same day, Vincent noted at an investor summit that he anticipates a resolution to the current tariff deadlock between the U.S. and China, although formal negotiations have yet to begin, all parties are keen on making an agreement happen, and the situation is heading in a positive direction.
Analysts believe this marks a potential turning point in the prolonged economic confrontation. Meanwhile, although gold prices set a new high of $3509.9 per ounce on that day, Jamie Cox, a partner at Harris Financial Group, indicated that significant amounts of safe-haven funds in gold could return to U.S. equities at any time before the situation becomes clearer.