Asia tech stocks rise after Trump pauses tariffs on Canada and Mexico
Summary
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Gains were broad-based across tech stocks in Japan, South Korea and Hong Kong, and came as their counterparts in the U.S. cut their losses on Monday, following tariff announcements that came late in the day. Tech stocks in Asia had come under pressure after Chinese startup DeepSeek launched a free, open-source language model that challenged the supremacy of the U.S.-led AI ecosystem. South Korean tech stocks were also trading higher on Tuesday, with Samsung Electronics gaining 4.13% and SK Hynix rising marginally, up 0.63%. Trump will reportedly speak with President Xi Jinping this week, signaling the intent to avoid a broader tariff war between the worlds top two economies.