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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.