0733 GMT - European tech stocks rise after the Trump administration exempted some tech products from the so-called reciprocal tariffs on Friday. Shares in Infineon Technologies, STMicroelectronics and Logitech jump 3.3%, 4% and 5.1%, respectively. Meanwhile, the Stoxx Europe 600 Technology Index opened 2.8% higher in early European trading. The exemptions for tech-related products will likely provide short-term relief for the sector, Jefferies analyst Charles Brennan says in a note. However, "this level of policy volatility isn't helpful for business confidence and ultimately to orderly decision making," Brennan adds. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 03:34 ET (07:34 GMT)
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