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International Business Times

Business

Asian Stocks Rise On Electronics Tariffs Exemption, Gold Hits New High

Donald Trump Asia Gold White House

Gold prices hit another record high, helped by a rush into safe havens and the weaker dollar (Credit: AFP)

Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived.

After the wild gyrations witnessed last week, markets got off to a relatively stable start following news Friday that the White House would exempt smartphones, semiconductors, computers and other devices from painful "reciprocal" levies.

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