Taipéi (EFE) .- The reference index of the Taipéi Stock Exchange, the Taiex, started on Thursday the session with profits greater than 9% after the president of the United States, Donald Trump, announced a 90-day suspension of its so-called “reciprocal tariffs”, except for China.
The selective, which has a strong technological component, advanced 1,611.77 points to 19,003.53 integers at 09:45 local time, which constitutes a record leap of 9.27%.
The main technological companies of the island experienced strong increases during the first bars of the session, highlighting the profits of TSMC, MediaTek, Delta Electronics and Foxconn, which quickly reached their daily limit of 10%.
Investors reacted in this way to Trump’s decision to suspend for 90 days the tariffs that had imposed on dozens of their commercial partners, including 32% for Taiwan, after starting negotiations with most of them, except with China.
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The Taiwanese president, William Lai, reiterated on Monday through his official X account that Taipéi would not impose “retaliation tariffs” against the United States, but will try to dialogue with Washington about the premise of “zero bilateral tariffs.”
The Taiwanese center thus broke the negative trend of the last three days, in which the selective accumulated a total drop of 3,906.46 points, or 18.34%, compared to the closing of last week.
Shanghai and Shenzhen also advance
The reference rates of the Shanghai and Shenzhen bags advance 1.29% and 2.29% on Thursday, respectively, after China raised up to at least 84% the Tariffs to US products, measured by President Donald Trump responded with total levies of 125% to Chinese goods.
The reference index of the Shanghai bag added around 40 points, while the Shenzhen Stock Exchange recorded an advance of about 230 integers.
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These centers fell 7.34% and 9.66%, respectively, on Monday, after the imposition of tariffs between the two largest economies in the world last week.
Since that day, they have managed to partially recover from the collapse, given the support to the markets announced by Chinese state investors and the plans to repurchase shares undertaken by large Chinese companies.
For its part, the main index of the Hong Kong Stock Exchange, the Hang Seng, rose around 2.69% within a few minutes of the opening, adding more than 600 points after the first minutes of the session until it is around 20,900 integers.
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The Hongkonés selective also suffered a serious fall, 13.2%on Monday, given the fear of a global recession caused by commercial tensions between the two greatest economies in the world, although it has managed to close green in the last two days.
Trump announced in the last hours a 90 -day suspension of his so -called “reciprocal tariffs”, except for China, which imposed total taxes of 125%.
The Asian country had raised shortly before at least 84% tariffs on US products, in addition to having added numerous companies in the American country to its export control lists.
The commercial war between the two largest economies in the world has quickly aggravated, at a time of high volatility in markets and growing international containment requests. China, on the other hand, has insisted that it does not want a commercial war, but that “it is not afraid to face it if necessary.”
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