:max_bytes(150000):strip_icc()/GettyImages-22096201941-3421b0bc61084c0d9700af37bacb28d2.jpg?w=1920&resize=1920,1267&ssl=1 "Global Stocks Rise on Tech Tariffs Pause")
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key takeaways
- President Donald Trump has temporarily ralled the global stock after temporarily exempting smartphones, computers and semiconductors from his “mutual” tariffs.
- Stoxx Europe 600 Index is growing by 2%, Nikkei closed 1.2%, and Hong Kong’s hanging was 2.4%higher.
- Analysts stated that investors are concerned about holding assets based on US dollar, which is against major currencies on Monday.
President Donald Trump has temporarily ralled the global stock after temporarily exempting smartphones, computers and semiconductors from his “mutual” tariffs.
Consumers Reprieve for electronics imports, many of which come from China, running more shares. Dow Jones Industrial Average and S&P 500 futures are about 1%, and Nasdaq Futures are 1.3% higher. Fantastic seven stocks are growing, jumping 5% in Paraket Trading with shares of Apple (AAPL) expanded Friday’s advantage.
Overseas, Stoxx Europe 600 index growing by 2%, Nikkei closed 1.2%, and Hong Kong’s hang Seng was 2.4%higher.
According to a statement by the state -owned Xinhua news agency, China called Tariff a small step to the US side to fix its unilateral ‘mutual tariff’s wrong practice.
After the recent bounce, the yield on the 10-year-old treasury is pulling back at 4.44%. Nevertheless, analysts said that investors are concerned about holding assets based on US dollars, which is against major currencies on Monday. MUFG stated in a note that “(American Treasury) Bonds uncertainty on China’s hunger is probably a role in deteriorating investors in American property.” China is one of the largest holders of Treasury.
