Asian tech stocks experienced a notable rise on February 4, 2025, following U.S. President Donald Trump’s decision to pause tariffs on Mexico and Canada for one month. This development positively impacted markets in Japan, South Korea, and Hong Kong, as investors reacted to the easing of trade tensions.
- Asian tech stocks rose on tariff news
- Japanese semiconductor stocks led gains
- South Korean market rebounded post-holiday
- Chinese tech companies saw significant increases
- U.S. tariffs on China set to start
- Trump to discuss tariffs with Xi Jinping
The Asian tech sector showed resilience as stocks rebounded from previous pressures related to tariff announcements. Japanese semiconductor companies Advantest and Lasertec were among the top gainers, with shares rising 5% and 4.81%, respectively. Other notable increases included Tokyo Electron, which rose 2.82%, and SoftBank Group, up 1.53%. Taiwanese firms like TSMC and Foxconn also saw gains of 2.8%.
In South Korea, Samsung Electronics gained 4.13%, while SK Hynix increased slightly by 0.63%. These gains followed a period of weakness after the market reopened post a four-day break. The positive momentum was particularly significant for Samsung, which had faced challenges after its fourth-quarter profits fell short of expectations due to rising costs.
Chinese tech companies also benefited from the favorable market conditions, with Tencent’s shares climbing 3.07% and Meituan advancing 5.06%. Electric vehicle manufacturers like BYD and Xpeng saw substantial increases of 4.22% and 14.46%, respectively. Despite concerns over impending U.S. tariffs on China, the market reacted positively to the potential for reduced trade conflict as Trump planned to discuss these issues with President Xi Jinping.
The overall performance of tech stocks in Asia reflects a broader recovery, as investors remain hopeful about the easing of trade tensions. This optimism is crucial for the tech sector, which has faced volatility due to geopolitical factors in recent months.
The rise in Asian tech stocks on February 4, 2025, reflects a positive response to the pause in tariffs by President Trump. As markets stabilize, companies across Japan, South Korea, and China are showing signs of recovery, indicating a cautious optimism in the tech sector.
