Stock markets in several Asian countries saw an uptick on Monday after the US announced a temporary pause on high tariffs for electronics.
Market Reaction in Taiwan
In Taiwan, shares in Foxconn, Apple’s largest iPhone assembler, rose about 4% during Monday morning trading. Contract laptop maker Quanta showed an even stronger jump, up 7%. Inventec, which produces artificial intelligence servers and other electronics, also increased by 4%. Their gains helped lift the broad index by around 1%.
Positions of Other Asian Countries
China-based Apple suppliers Goertek and Lens Tech experienced increases of 3% and 1.1%, respectively. In South Korea, Samsung Electronics, which supplies Apple, advanced by 2%. Japan’s Nikkei added 1.81%, although it has fluctuated due to tariff news.
Uncertainty in the Semiconductor Market
Amid the positive trend, some semiconductor manufacturers like TSMC dipped despite an initial jump, while memory chip supplier SK Hynix declined by 0.2%. Analyst Alex Huang suggested the early momentum might be premature as specifics of tariffs are not fully disclosed.
Markets remain watchful for more tariff policy details, as companies like TSMC prepare to announce financial results that may clarify the impacts of the tariff environment on orders and production plans.
