Nasdaq futures rose by 1%, Taiwan Semiconductor surged over 4% in night trading, the yen fell, and gold retreated to $3,330

Wallstreetcn
2025.04.17 06:26
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On April 17th, Nasdaq futures rose by 1%, Taiwan Semiconductor's night trading increased by over 4%, the yen weakened, and gold fell to $3,330. The Japanese stock market saw a slight increase due to Trump's statement that significant progress had been made in the US-Japan negotiations. Taiwan Semiconductor's Q1 net profit was NT$361.6 billion, a year-on-year increase of 60.3%, and it is expected that Q2 sales will be between $28.4 billion and $29.2 billion, with a gross margin of 57% to 59%. US stock futures generally rose, with ongoing market attention on the US-Japan trade negotiations

On April 17, the Japanese stock market rose slightly after U.S. President Trump stated that negotiations had made "significant progress" and an agreement to avoid higher tariffs was expected. U.S. stock index futures also rose, with Nasdaq futures up 1%. The yen weakened after Japan's chief trade negotiator indicated that currency issues had not been discussed, alleviating market concerns that the U.S. might demand a stronger yen.

Phillip Wool, head of portfolio management at Religare Global Advisors, stated that many investors who have long viewed Trump's extreme tariff threats as mere negotiation tactics are closely monitoring the one-on-one discussions with Japan as an indicator of future direction. Therefore, Trump's declaration of "significant progress" today may confirm this viewpoint.

Rajeev De Mello, global macro portfolio manager at Gama Asset Management, noted that while the progress in discussions with Japan is "preliminary," it provides a positive signal for the market. The trajectory of U.S.-Japan trade negotiations will continue to be closely watched, not only for its bilateral impact but also because it may provide a potential framework for how the U.S. handles trade relations with other allies.

【14:16】

Taiwan Semiconductor's financial report showed a Q1 net profit of NT$361.6 billion, a year-on-year increase of 60.3%, compared to an estimate of NT$346.76 billion. Taiwan Semiconductor expects Q2 sales to be between $28.4 billion and $29.2 billion, with market estimates at $27.16 billion. The operating profit margin for Q2 is expected to reach 47% to 49%, compared to 48.5% in the previous quarter. The gross profit margin for Q2 is expected to be between 57% and 59%, compared to 58.8% in the previous quarter.

After the financial report, Taiwan Semiconductor's after-hours trading rose over 4%.

【13:59】

U.S. stock futures rose, with Nasdaq 100 index futures up 1%, S&P 500 index futures up nearly 1%, and Dow futures up 0.8%.

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