Asian tech stocks bounce back after Trump tariff exemptions
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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, gained around 4% in Monday morning trade, with contract laptop maker Quanta up 7% and Inventec - which also makes artificial intelligence servers - rising 4%. The broad index was up around 1%. Shares in China's Goertek and Lens Tech - both Apple suppliers - also rose 3% and 1.1% respectively. Shares in South Korea's Samsung Electronics, which supplies Apple and is also the second-ranked smartphone vendor in the U.S. market, gained 2%. Live Events "We view the dizzying weekend tariff news as a step forward net positive for Apple as well as other tech names as it gives some flexibility and allows for China negotiations to...