Tariff relief on tech goods drives rally in China, Hong Kong shares
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China and Hong Kong stocks rose on Monday as tech shares climbed after the White House exempted smartphones and computers from "reciprocal" U.S. tariffs, while the chip sector was weighed down by national security concerns. China's blue-chip CSI300 Index climbed 0.5%, while the Shanghai Composite Index gained 0.9% by the midday trading break, after losing 2.9% and 3.1% last week, respectively. Hong Kong benchmark's Hang Seng climbed 2.4% after an 8.5% loss last week. The Hang Seng Tech Index added 2.7%. Trump's administration granted exclusions from steep tariffs on smartphones, computers and other electronics imported largely from China, while indicating these goods will come under separate tariffs, along with semiconductors, that may be imposed within a month. China's Apple suppliers jumped on the temporary relief. The CSI Electronics Index jumped 0.9% by midday. Apple's main assembly partner Foxconn Ind...