Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.”Details on how much domestic manufacturing is required to qualify for the exemption remain unclear.Japanese semiconductor manufacturer Tokyo Electron fell over 5% before paring losses to trade 2.9% lower as of 11.20 a.m. Japan time (10.20 p.m. ET Wednesday), data from LSEG showed. Other Japanese chip stocks mirrored the fall. Renesas Electronics declined 4% at the open while Advantest slid 3.3%.However, South Korean chip majors Samsung and SK…
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US President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images India’s set to face a 50% tariff after the White House announced an additional 25% levy on the South Asian country Wednesday over its purchases of Russian oil. That’s now among the highest duties on any of the U.S.’ trading partners.New Delhi responded swiftly in a statement Wednesday, describing the U.S.’ decision to raise tariffs as “unfair, unjustified and unreasonable,” and that…
Pres. Trump and Apple CEO Tim Cook speak in the Oval Office on Apple’s latest manufacturing announcement. Source link
India’s economy could take a multibillion dollar hit after President Donald Trump raised tariffs on Indian goods to 50% — one of the highest levies on any trading partner — over objections to the South Asian country’s oil trade with Russia.Trump had previously imposed tariffs of 25% on Indian goods due to the country’s high trade barriers.While only around 20% of India’s goods exports — or 2% of GDP — are U.S.-bound, certain sectors are disproportionately exposed. UBS estimates $8 billion worth of exports are most vulnerable, including gems and jewellery, apparel, textiles, and chemicals.The new tariffs are set to go into…
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesGeneral Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals.Four of the vehicles — a compact SUV/car/ pickup, and a mid-size pickup — are targeted at Central and South American markets and will support both internal combustion and hybrid powertrains.At full production scale, the companies expect to roll out at least 800,000 vehicles annually.The partnership will help GM compete against rising Chinese players in the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
United Airlines planes at Denver International Airport in Denver, Colorado on Wednesday, July 2, 2025. Aaron Ontiveroz | Denver Post | Getty ImagesUnited Airlines on Wednesday said that it has suspended flights due to a tech issue, and anticipates additional flight delays in the evening.”Due to a technology issue, we are holding United mainline flights at their departure airports,” the airline said.The U.S. Federal Aviation Administration earlier said it issued a ground stop for United Airlines flights at several U.S. airports. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as Apple shares lifted the stock market Wednesday, and what’s on the radar for the next session. Apple CEO Tim Cook met with President Donald Trump at the White House on Wednesday evening . We’ll watch the stock closely on Thursday. There’s a lot to talk about, including Apple ‘s investment in the U.S. CNBC’s Kif Leswing reported that the…
Tom Rogers, fmr. NBC Cable president, joins ‘Fast Money’ to talk Disney’s stock falling after earnings. Source link
U.S. equity futures ticked up in early Asia hoursHere are the opening calls for the day Good morning from Singapore.Investors will be keeping a close watch on chip stocks following U.S. President Donald Trump’s vow to impose 100% tariffs on imported semiconductors and chips, unless they are made by companies “building in the United States.”Japan’s benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 40,785 while its counterpart in Osaka last traded at 40,790, against the index’s last close of 40,794.86.Futures for Hong Kong’s Hang Seng index stood at 24,903, pointing to a weaker open compared with the…
