AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- ASX rises on tech-driven trade optimism
- US tariff exemptions boost global sentiment
- Tech giants like Apple and Nvidia benefit
The Australian sharemarket saw a positive start to the week, with investor sentiment buoyed by developments in US trade policy. The S&P/ASX 200 index gained 39.2 points, or 0.5%, to reach 7685.7 shortly after the opening bell on Monday. This uptick was largely attributed to a fresh wave of optimism in global markets following tariff exemptions announced by the United States government.
In a move welcomed by technology manufacturers and market participants, the US administration released a list of electronic products that will be excluded from import tariffs. The exemptions cover a range of consumer tech items, including smartphones, laptops, and other computer components. This decision marks a potential step back from the previously aggressive trade posture that has unsettled markets in recent years.
The announcement provided a significant morale boost for tech companies with global supply chains. Among those positively impacted were Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA), whose products are heavily reliant on international manufacturing and component sourcing. With reduced costs on key imports, these companies are positioned to better manage pricing pressures and maintain growth momentum.
In Australia, the ripple effects of this decision were felt immediately, particularly in sectors with strong links to global technology trends. Investors responded with renewed confidence, helping lift the broader market. While the ASX is not home to the world's largest tech giants, local tech players often benefit from improved global sentiment and capital flow into the sector.
One such company that often mirrors global tech trends is Xero (ASX:XRO), which offers cloud-based accounting solutions. Although not directly affected by US tariffs, Xero's valuation and investor interest are influenced by global appetite for high-growth tech stocks. A positive global environment often encourages more attention and investment into domestic tech innovators.
The easing of trade tensions also signals potential for improved international collaboration, especially in areas like supply chain stability and cross-border digital trade. These developments are seen as constructive for maintaining global economic momentum, which bodes well for equity markets around the world.
While the situation remains fluid, the early reaction suggests investors are viewing the latest policy shift as a welcome sign of moderation. Market watchers will continue to track how these exemptions translate into broader trade policy changes and what that could mean for sectors beyond technology.
