Asian tech stocks fluctuate, Trump previously announced plans to impose a 100% tariff on chips.
Asian chip-related stocks and Apple suppliers' stocks have seen mixed fluctuations. Previously, Trump stated that he would impose a 100% tariff on imported products containing semiconductors, but would exempt companies that relocate production back to the United States.
TSMC ADR rose after the announcement, with the company's factory in Arizona accelerating its progress. Apple earlier announced an additional investment of $100 billion to shift more production to the United States, driving up its stock price. According to SBS, South Korean Trade Minister Yeo Han-koo stated that Samsung Electronics and SK Hynix chips are not subject to the 100% U.S. tariff.
South Korean memory manufacturer Samsung Electronics briefly rose by 3.2%, while competitor SK Hynix fell by 2.1%. Apple supplier LG Innotek rose by 2.8%, and LG Display rose by 2.1%. Japanese chip equipment manufacturer Tokyo Electron fell by 5.4%, Advantest fell by 3.3%, and Disco fell by 2.9%. Apple supplier TDK rose by 2.3%, and Sharp rose by 2.2%.
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