US stocks hit new highs, TSMC ADR surges; analysts eye 45,000 for Taiwan stocks

Central News Agency, Taipei, May 28: The three major US stock indices hit new highs, and the ADRs of TSMC, ASE, and UMC all set new records. Analysts suggest that the Taiwan stock market has the opportunity to challenge the 45,000-point mark today. US President Trump stated that negotiations with Iran are progressing well, but he is not considering easing sanctions. The Dow Jones Industrial Average closed at 50,644.28 points. TSMC's ADR rose 2.52% to a new closing high. Furthermore, the Executive Yuan announced that under the US-Taiwan investment MOU, tariff relief measures for Taiwan in non-semiconductor sectors will take effect on May 1st. This includes capping tariffs on auto parts and wood products at no more than 15%.