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.
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U.S. markets closed mostly flat Friday, capping a third winning week out of four.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
Syria is initiating economic reformation by reopening its economic markets, which have been through complete Paralysis for the past six months- considering it as the longest shutdown ever since the over-decade war and sanctions.
Global markets plunged after China retaliated against U.S. tariffs, deepening fears of a drawn-out trade war and economic fallout.
Indonesian authorities evacuated more than 900 people from nearby villages and were helping 170 stranded climbers return safely after the eruption of Semeru volcano, one of the country's tallest mountains.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Germany has returned 12 royal-era cultural artefacts to Ethiopia in a ceremony in Addis Ababa, marking a formal step in ongoing cultural cooperation between the two countries.
Japan’s tourism sector is bracing for heavy economic fallout after China warned its citizens against visiting, setting off a wave of cancellations that analysts estimate could cost the economy more than $14.23 billion a year.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
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