ASIA Tech shares increase after Trump paused on China and Mexico
Meituan Dianping icons of the application are shown at Apple Inc. iPhone in Hong Kong, cinema, Friday, March 2, 2018.
Justin Chin | Bloomberg | Getty Images
Asian technological shares rose on Tuesday after the news that US President Donald Trump had paused tariffs on Mexico for a monthat the same time delaying Tariffs on Canadian export.
The profits were widely based on technology shares in Japan, South Korea and Hong Kong, and they came while their colleagues in the US reduced their losses on Monday, after the tariff announcements that came late into the day.
Japanese semiconductor players Progress and Lasertec ran gain among technological stocks in the country, increasing by 5%and 4.81%.
Other Japanese technological companies have also grown. Tokyo electron was 2.82%, Renesas electronics acquired 2.99% doc SoftBank Group Advanced 1.53%.
Technical stock in Asia came under pressure after Chinese startup Deepseek He launched a free linguistic model of an open code that challenged the superiority of AI ecosystems under the guidance of the US. These sections were subsequently rejected last week, but the rally on Monday mostly stopped because of the care of the tariffs.
The South Korean technological shares are also larger on Tuesday, and Samsung Electronics received 4.13%and SK Hynix slightly increased, an increase of 0.63%.
The latest gains are a turnaround from weakness seen in both stocks Last Friday when the South Korean market reopen After a four -day break. Samsung electronics shares are also under pressure after Missed profit assessment in the fourth quarter On the back of higher costs.
The tendent of Chinese technology tencent increased by 3.07%in Hongkong, while the shopping shares advanced 5.06%, the electronic vehicle manufacturer BYD rose 4.22%, Xpeng traded 14.46%higher, and was the car gained 9.35%.
Chinese supplies associated with AI also rose up with Alibaba an increase of 3.09% and Kingsoft Cloud increased 7%.