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Highlights
- US tariff pause boosts Asian markets
- Japanese chipmakers lead regional gains
- China and South Korea markets show modest lift
Asian stock markets saw a positive start to the week following a temporary pause on US tariffs targeting consumer electronics, including items like iPhones. The move, though short-term, eased investor concerns and encouraged a wave of optimism across major indices in the region.
Japan took the lead in the rally, with chip equipment manufacturers at the forefront. This surge came on the back of the US decision to delay certain levies and reports suggesting Tokyo and Washington are preparing to hold discussions on tariffs later this week. The Nikkei 225 Index jumped as much as 2.2%, reaching 34,325.59, while the Topix Index climbed up to 2% to hit 2,515.53.
Semiconductor-related companies were among the top gainers. Firms such as Tokyo Electron (TSE:8035), which manufactures chip production equipment, were notably strong performers amid expectations that eased trade tensions could support demand in the tech supply chain. Other chip gear makers like Advantest Corporation (TSE:6857) also rallied during the session, reflecting the sector’s sensitivity to global trade dynamics.
The news also had a ripple effect across the broader Asian region. In China, the CSI 300 Index edged up by 0.4%. Investors welcomed the breathing room provided by the tariff delay, though sentiment remained cautious due to ongoing global trade uncertainties. Key players in China's electronics sector, including Luxshare Precision (SHE:002475), a major supplier to Apple, saw moderate gains as well.
South Korea’s KOSPI Index posted a more modest rise of 0.2%. Technology shares contributed to the lift, with attention on firms like Samsung Electronics (KRX:005930), given its large exposure to international consumer electronics markets. Market participants remained attentive to further developments in trade talks and the potential for long-term resolution between the US and its trade partners in Asia.
The White House clarified that the tariff reprieve is temporary, and additional levies could be reinstated if negotiations falter. Despite this cautionary note, the short-term relief provided a welcome tailwind to regional equities, particularly for sectors linked closely to global supply chains.
As markets continue to react to shifting trade policy signals, investor focus is expected to remain on the outcomes of the upcoming talks between Japan and the US, as well as further indications from Washington regarding future tariff strategies.
