Global tech shares gain on US tariff exemptions, but uncertainty remains

-Global technology shares rose on Monday after the U.S. exempted electronics such as smartphones and computer hardware from its reciprocal tariffs on China, but with President Donald Trump promising tariffs on the chips sector as soon as next week, the relief around how companies will manage their supply chains could be interrupted again.

Big Tech shares have slumped in the past two weeks along with the broader market as tit-for-tat tariffs between Washington and Beijing stoked fears of higher component costs, softer consumer demand and the worst supply-chain disruption since the COVID-19 pandemic.