FTSE 100 Rises Nearly 2%

RTTNews | il y a 57
FTSE 100 Rises Nearly 2%

(RTTNews) - The U.K. market is up firmly in positive territory in late morning trades on Monday with investors picking up stocks, reacting to the temporary exemption announced by the U.S. on tech products, including smartphones, computers, and key electronics.

However, there is still some uncertainty about Trump's moves, as commerce secretary Howard Lutnick later clarified that these exemptions are not permanent. Trump later said on Truth Social that they are still subject to the existing 20% Fentanyl tariffs, but just moving to another bracket.

The announcement by the US Customs and Border Protection over the weekend that new exemptions from tariffs on various tech products, including smartphones, laptops, and other electronics means that selected electronic items will be excluded from the current 145% tariffs on China, as well as the 10% baseline tariffs.

The U.S. President has said that he would announce the tariff rate on imported semiconductors within the next week.

The benchmark FTSE 100, which advanced to 8,136.78 earlier in the morning, is up 148.32 points or 1.86% at 8,112.50 nearly half an hour before noon.

Convatec Group is rising nearly 6% and BP is up 5.2%. Barclays, EasyJet, JD Sports Fashion, Standard Chartered, Pershing Square Holdings, Melrose Industries, Prudential, Sainsbury (J), Polar Capital Technology Trust, Glencore and IAG are up 3 to 5%.

Diageo, WPP, BT Group, Natwest Group, Antofatasta, ICG, Associated British Foods, Hiscox, HSBC Holdings, Vodafone Group, Aviva, Airtel Africa, Smith & Nephew, Kingfisher, Centrica and Phoenix Group Holdings are rising 2 to 3%.

Wood Group shares soared up to 32% after Dubai-based Sidara made a conditional bid of 35p per share and proposed a £450 million cash injection. The stock pared most of its gains subsequently, but still remains nearly 11% up from previous closing price.

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Higher Open Expected For Hong Kong Shares

Higher Open Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,160-point plateau and it's likely to remain rangebound on Wednesday.
RTTNews | il y a 13 minutes
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by energy and technology stocks.
RTTNews | il y a 18 minutes
Taiwan Shares Tipped To Open In The Green On Wednesday

Taiwan Shares Tipped To Open In The Green On Wednesday

The Taiwan stock market has moved higher in back-to-back sessions, accelerating more than 580 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,240-point plateau and it has a positive lead again for Wednesday's trade.
RTTNews | il y a 58 minutes
Singapore Shares May Reverse Tuesday's Losses

Singapore Shares May Reverse Tuesday's Losses

The Singapore stock market on Tuesday halted the five-day winning streak in which it had collected more than 40 points or 1 percent. The Straits Times Index now sits just beneath the 3,935-point plateau although it may bounce higher again on Wednesday.
RTTNews | il y a 1h 28min
Malaysia Bourse Likely To Remain Rangebound

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | il y a 1h 58min
Japan Shares May See Continued Support On Wednesday

Japan Shares May See Continued Support On Wednesday

The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.
RTTNews | il y a 2h 13min
KOSPI May Challenge Resistance At 2,900 Points

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.
RTTNews | il y a 2h 28min