Shares World Technology and Semiconductors climb This Monday (12). High arrived After China and the United States agree to suspend much of the rate on products from each country.
Chips and smartphones manufacturers had suffered commercial tensions among the two largest economies in the world, threatening to stop supply chains. But The weekend negotiations left the relieved investorsaccording to CNBC.
Impact of the suspension of the rate between the United States and China on the world of technology
In the US, the Nvidia increased around 4% in the market before the marketEven with restrictions still in force on the export of chips to China. It AMD and Broadcom advanced 5%while Qualcomm also registered high.
It Marinewho postponed an event for investors last week, shot by 7.5%. Taiwan Semiconductor Manufacturing Co. ((TSMC), major chip maker in the world, increased by 4% To the papers listed in the USA.
In Europe, the equipment provider Asml increased by 4.5% In the first negotiations. It Infineon also had a strong esteem.
Some electronics and semiconductors had already received a temporary exemption in April. But the United States government had warned that this could change.
Investors feared business damage with a strong presence in China, such as Apple and Amazon. The two rose to the previous market: more than 7% and 8%, respectively.
Apple produces 90% of its iPhones in China and said that rates can add $ 900 million (just over $ 5 billion) to the costs of the quarter.
Chinese companies in the United States also benefited from the agreement between the powers. Alibaba, JD.com and Baidu recorded the highs strong.
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The United States and China agree to suspend the rate (temporarily)
You United States and China announced agreementThis Monday, at Reduce “Reciprocal Rates” (nicknamed rate) for 90 days.
With the agreement, the U.S. rates to Chinese imports will fall from 145% to 30%. Already China’s rates over North -Americans will increase from 125% to 10%according to the G1.
Representatives from two countries met in Switzerland over the weekend to discuss import rates.
