Nikkei, Hang Seng to Kospi: Asian stock markets gain as Trump pauses tariffs on electronics

Asian markets traded higher on Monday after US President Donald Trump announced a pause on tariffs on some consumer electronics. Japan’s stock market indices climbed led by chip-related stocks, while markets in South Korea also traded higher.

The Trump administration has exempted consumer electronics such as smartphones, computers, and other electronics from its reciprocal tariffs. The development led to a rally in chip gear makers and chip-related stocks in Japan.