European tech stocks rise after tariffs exemption
ReutersApr 14, 2025 7:18 AM
** Shares in European tech companies rise after U.S. President Donald Trump exempted smartphones and computers from his "reciprocal" tariffs
** A broader index of Europe's tech firms .SX8P is up 2% shortly after the bell, with ASML ASML.AS and STMicroelectronics STMPA.PA up between 3% and 5%
** Chipmaker Infineon IFXGn.DE and computer parts maker Logitech LOGN.S rise 3% and 5% respectively
** However, Trump said on Sunday that tariffs on semiconductors would be announced over the next week and a decision on phones would be made "soon"
** .SX8P has fallen 9% so far this year
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