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Global net -capital markets withdrew Monday, despite US warnings that a fee return for some consumer electronics would be temporary, as investors hoped that technology groups and US consumers could save the worst of Donald Trump’s trading war.
US and European actions increased as Asian markets advanced as the White House excluded intelligent phones, laptops and other equipment from the so -called Trump’s reciprocal tariffs, including a 145 percent tax from China.
Exterior walks are seen as an incentive for Apple and other technology groups that rely heavily on Chinese factories to make iPhones and other goods.
Trump and other US officials left the idea of a return and said sectoral tariffs in electronics would come into force as part of a government investigation into semiconductors, which faced a particular round of tariffs.
The US president wrote on his social platform of truth: “No one is removing” hook “for the unjust balance of trade, and non -monetary tariff barriers that other countries have used against the US, especially not China which, so far, treats the worst!”
In later comments to reporters at Air Force One, Trump said his administration would show “flexibility” to some products and signal to the market that he would talk about key companies to discuss fees.
Asked what would be the level of semiconductor tariffs, Trump told reporters that “would notify it over the next week”.
“It is clear that concerns about it. American assets are still in the country,” said Mitul Kotecha, head of the Macro Strategy of Developing Markets in Barclays, adding that the return for electronics and chips “was taken by some investors as potentially the first signs of an open door for one (sh.ba) agreement with China.
“Markets are taking any sign of relief they can,” he said.
Markets in Asia were withdrawn, led by Hong Kong’s Hang Kong’s Index, up to 2.1 percent, Nikkei 225 Index of 1.2 percent and topix wide by 0.9 percent.
The future of the stock for S&P 500 increased 1.3 percent while those for Nasdaq 100 heavy technology increased 1.6 percent in the European morning. In Europe, FTSE 100 increased 1.4 percent, while Stoxx Europe 600 was 1.6 percent higher in early trade.
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After hitting a three-year low on Friday, the US dollar lowered 0.9 percent on Monday against a basket of trade partners, as investors continued to be careful about increasing their exposure to US assets.
The 10-year yield of the US Treasury, an essential reference point for expectations for future US growth, dropped 0.03 percentage points to 4.46 percent-much more than the 4.17 percent yield in which he remained in front of the Trump’s Liberation Day on April 2.
China CSI CSI 300 increased 0.5 percent after official data showed exports from the world’s second largest economy increased last month in the midst of a rush to send shipments before the tariffs came into force.
Exports increased 12.4 percent in terms of the US dollar in March a year ago, figures from China’s customs administration showed on Monday, much higher than expectations and the largest rise from October.
Imports fell 4.3 percent, a less steep than 8.4 percent shrinkage falls in the period January-February.
