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European tech stocks higher after tariff exemptions
  • April 13, 2025

European tech stocks higher after tariff exemptions

European semiconductor names were up as well, with gains strongest for those most exposed to the U.S. market, like ASM International, Infineon, and ASML, rising about 2% as of 0720 GMT. Europe's chipmakers supply key chips to the smartphone, personal electronics industry, while computer chip equipment makers, like ASML, are now excluded from Trump's 10% "baseline" tariffs into the U.S. Other U.S. tech stocks listed in Frankfurt were also higher with Nvidia rising more 3%, Dell Technologies up 6.3%.

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Asian markets rally after Wall Street ends higher in the chaotic and historic week
  • April 13, 2025

Asian markets rally after Wall Street ends higher in the chaotic and historic week

Asian markets rallied on Monday as tensions over trade eased slightly after U.S. President Donald Trump said electronics such as phones and laptops would not be subject to the same high import duties as some other products. Hong Kong's Hang Seng jumped 2.4% to 21,419.59, while the Shanghai Composite index picked up 0.9% to 3,266.26 after the government reported that China's exports surged 12.4% in March from a year earlier. U.S. President Donald Trump said he was exempting smartphones, computers and other electronics from his tariffs after China announced Friday that it was boosting its tariffs on U.S. products to 125% in the latest tit-for-tat increase following Trump’s escalations on imports from China.

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Asian tech stocks bounce back after Trump tariff exemptions
  • April 13, 2025

Asian tech stocks bounce back after Trump tariff exemptions

TAIPEI/SHANGHAI (Reuters) -Shares in Asian tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China. Shares in Foxconn, Apple's largest iPhone assembler, rose as much as 7.8% before trimming gains to close 3% higher. China's Goertek and Lens Tech both rose by more than 7% before also trimming gains.

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Japan's Nikkei rises as iPhone-related stocks jump
  • April 13, 2025

Japan's Nikkei rises as iPhone-related stocks jump

TOKYO (Reuters) -Japan's Nikkei share average ended higher on Monday, as iPhone-related shares jumped after the United States excluded smartphones and other electronics from steep tariffs. The Nikkei gained 1.18% to close at 33,982.36, after gaining as much as 2.22% earlier in the session. "The market is still swayed by various headlines," said Yugo Tsuboi, chief strategist at Daiwa Securities.

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Stocks rally in Asia as electronics get a tariff break
  • April 13, 2025

Stocks rally in Asia as electronics get a tariff break

SYDNEY (Reuters) -Major stock indexes bounced in Asia on Monday and Europe looked set to follow after the White House exempted smartphones and computers from "reciprocal" U.S. tariffs, though gains were limited as President Donald Trump warned levies were still likely at some point. Indeed, Trump on Sunday told reporters tariffs on semiconductors would be announced over the next week and a decision on phones made "soon". On the face of it, the exemption of 20 product types accounting for 23% of U.S. imports from China was a boon to manufacturers.

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