24H｜Big Tech Stocks, Chinese ADRs, and Crypto Stocks Jump After Trump Pauses Tech Tariffs
U.S. President Donald Trump's administration granted exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China, providing a big break to tech firms like Apple that rely on imported products.
The pause on duties on goods from smartphones to laptop computers and memory chips offers a temporary reprieve for markets ravaged by Trump’s fast-evolving trade policy. Volatility shows little signs of easing after the president signaled separate duties on consumer electronics and microchips are being planned.
Big tech stocks jumped in overnight trading. Dell and HP rose 9%; Apple rose 7%; Micron rose 5%; TSMC, Super Micro, and Nvidia rose 4%; AMD and Palantir rose 3%; Intel, Tesla, and Broadcom rose 2%.
Chinese ADRs gained in overnight trading. YINN rose 3%; iQiyi rose 5%; XPeng rose 4%; NIO and Bilibili rose 3%; JD.com, Li Auto, Alibaba, and Baidu rose 2%; PDD Holdings and Tencent Music rose 1%.
Crypto stocks also jumped in overnight trading. Hut 8 and TeraWulf rose 5%; Bitfarms, Strategy, Canaan, and CleanSpark rose 3%; Coinbase, Riot Platforms, and MARA Holdings rose 2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10