Source link : https://news7.asia/technology/asia-tech-stocks-rise-after-trump-pauses-tariffs-on-canada-and-mexico-cnbc/
Asian technology stocks climbed sharply following news that former President Donald Trump has paused tariffs on Canada and Mexico. The development eased trade tensions and boosted investor sentiment across regional markets, with major tech firms experiencing notable gains. CNBC reports that the move is seen as a positive signal for global supply chains and cross-border commerce, prompting a broad rally in Asian equities.
Asia Tech Stocks Rally Following Tariff Suspension on Canada and Mexico
Following the unexpected decision to temporarily suspend tariffs on Canada and Mexico, Asian technology markets experienced a notable upswing. Investor sentiment shifted rapidly as fears over escalating trade tensions eased, leading to a surge in buying activity across key tech hubs such as Tokyo, Seoul, and Shenzhen. Prominent semiconductor and hardware manufacturers showed particularly strong gains, reflecting optimism that supply chains could stabilize and costs might be contained in the near term.
Key factors influencing the rally included:
- Renewed confidence in global trade dynamics
- Reduction in anticipated tariff-related expenses
- Positive spillover effects on technology exports from Asia
- Heightened demand projections fueled by resumed negotiations
| Stock | Market | Gain (%) |
|---|---|---|
| Taiwan Semiconductor | TWSE | 4.8 |
| Samsung Electronics | KOSPI | 3.5 |
| Alibaba Group | HKEX | 2.9 |
| SoftBank Corp. | TSE | 3.2 |
Market Analysts Examine Impact of US Trade Policy Shift on Asian Technology Sector
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Author : Noah Rodriguez
Publish date : 2025-08-31 19:01:00
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