• Apr 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%.

  • Apr 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.

  • Apr 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.

  • Apr 13, 2025

Goldman Sachs expects oil prices to decline through 2026

The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively, for the remainder of 2025, and $58 and $55 in 2026. Given the weak growth outlook amid a global trade war, the bank expects that oil demand will rise by only 300,000 barrels per day (bpd) between the end of last year and the end of 2025. The bank has cut its global demand growth forecasts for the fourth quarter of 2026 by 900,000 barrels-per-day since mid-March due to an escalating trade war between the U.S. and China.