Employees will move their semiconductor testers to the assembly line at Advantest Corp. Plant, Ora, Japan on August 10, 2012.
Tomohiro Ozumi | Bloomberg | Getty Images
Asian technology and chip-related stocks fell on Tuesday after President Donald Trump announced that tariffs on Mexico and Canada would be enacted as planned.
Trump said the US will impose a 25% tariff on goods imported from Canada and Mexico, adding that “there are no rooms left in Mexico or Canada” to negotiate alternatives to the tariff.
Trump also said he would impose an additional 10% tariff on imports from China as he already imposed the 10% obligation that came into effect in February.
Asian tech stocks have also been pressured to a near 9% decline in the stocks of artificial intelligence’s beloved stock.
Japanese semiconductor equipment manufacturers advantage It has plummeted to a 9% lower level since October last year, but chipmakers Renesas Electronics Losing 6.35%.
Technology Investor SoftBank Group A decrease of 6.25%. According to a news report released over the weekend, the son of the company’s CEO Masayoshi plans to borrow $16 billion to invest in artificial intelligence.
In Korea, SK Hynix’s shares lost as much as 3.26%, Samsung Electronics After the launch of Series A smartphones with AI-equipped features, the trend has risen by nearly 1%.
China’s AI-binding stocks fell by Alibaba and Kingsoft Cloud, respectively, by 2.23% and 8.46%, respectively.
Meanwhile, the shopping platform Meituan Losing 0.62%, electronic vehicle manufacturer BYD plunged 6.60%. xpeng Traded 1.97% lower, Li Auto Losing 2.68%.
Chinese Technology Major TencentIn Hong Kong, stocks were trading 0.91% higher.
In Taiwan, shared Taiwan Semiconductor Manufacturing Company It lost more than 2% on Tuesday after Trump said the company would invest $100 billion in the US to bolster chip manufacturing. Investment was “a tremendous move by the world’s most powerful companies,” Trump said.
