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International Business Times

Business

Markets Rise As Trump Chip Exemptions Boost Tech Giants

Donald Trump United States TSMC Apple Samsung

Chip giants TSMC and Samsung rose after Donald Trump said firms that invest in the United States would not be hit with his threatened tariff (Credit: AFP)

Asian equities rose Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States would be exempted from a threatened 100-percent tariff on semiconductors.

The advances built on a strong lead from Wall Street and extended the previous day's rally fuelled by hopes the Federal Reserve will cut interest rates next month.

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Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

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