Stock markets in Asia saw a boost on Monday, driven by optimism over tariff exemptions granted to electronics. This relief sparked gains in tech stocks, while investors in South Korea and Taiwan turned their focus to trade issues and semiconductor developments.
Japan’s Nikkei share index traded higher early on Monday, rising 2% to 34,267.97 at 0030 GMT. The rally was largely fueled by the U.S. decision to grant tariff exclusions on smartphones and electronics, benefiting major tech companies like Apple and Dell Technologies, which rely on imports from China.
South Korea's stock market also saw gains, led by chip and battery makers, as investors kept a close eye on U.S. tariffs. By 0013 GMT, the Korea Composite Stock Price Index (KOSPI) was up 1.19% at 2,461.72.
In Taiwan, the benchmark index rose 2% early in the session, with chipmaker TSMC gaining nearly 1%. This week, TSMC's earnings report will be in focus, especially with U.S. President Donald Trump planning to investigate the global semiconductor supply chain.
U.S. Vice President JD Vance began a four-day trip to India on Monday, aiming to strengthen bilateral ties and discuss trade issues with Prime Minister Narendra Modi.
South Korea aims to delay new U.S. tariffs, prioritizing economic stability amid trade tensions. Finance Minister Choi Sang-mok emphasized the importance of reducing uncertainty for export industries, while ongoing talks with the U.S. seek a mutually beneficial resolution.
China's foreign ministry strongly opposes the threat of additional U.S. tariffs and vows to take necessary actions to safeguard its legitimate interests. The ministry criticises the U.S. for using the fentanyl issue as a pretext.
Roman Catholic cardinals will meet in a secret conclave to elect the new leader of the global Church starting from May 7, a senior Vatican source said on Monday.
An explosion in northwest Pakistan killed six people on Monday, coinciding with intensified security operations against militants along the Afghan border.
Rescue teams in Tunisia recovered the bodies of eight African migrants after their boat sank near Sfax, with search operations continuing for potential missing persons.
India has finalized a $7.41 billion agreement with France to purchase 26 Rafale fighter jets for its navy, a defence ministry official confirmed to Reuters on Monday.
Over 1,200 residents in Daegu, South Korea, were evacuated Monday as strong winds fueled a wildfire that spread across 50 hectares, forcing a highway closure. No casualties have been reported as firefighting efforts continue.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
Roman Catholic cardinals will meet in a secret conclave to elect the new leader of the global Church starting from May 7, a senior Vatican source said on Monday.
An explosion in northwest Pakistan killed six people on Monday, coinciding with intensified security operations against militants along the Afghan border.
Rescue teams in Tunisia recovered the bodies of eight African migrants after their boat sank near Sfax, with search operations continuing for potential missing persons.
India has finalized a $7.41 billion agreement with France to purchase 26 Rafale fighter jets for its navy, a defence ministry official confirmed to Reuters on Monday.
Over 1,200 residents in Daegu, South Korea, were evacuated Monday as strong winds fueled a wildfire that spread across 50 hectares, forcing a highway closure. No casualties have been reported as firefighting efforts continue.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment