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Why major chip stocks are in the green, despite Trump's 100% tariff threat
President Donald Trump stunned markets Wednesday by announcing 100% tariffs on imported semiconductor chips — but major chip stocks rallied. Taiwanese chip giant TSMC's stock closed 4.9% higher. In South Korea, Samsung Electronics ended 2.5% higher while SK Hynix reversed losses of over 3% in early trade to close 1.4% up.
Stocks are slipping on Wall Street Thursday after President Donald Trump’s latest tariffs took effect on dozens of countries.
U.S. stocks drifted to a mixed finish as President Donald Trump’s tariffs on dozens of countries had only a muted effect on markets worldwide.
Investor's Business Daily on MSN6h
Stock Market Today: Dow Gives Back Gains; Intel Sinks After Trump Makes This Harsh Post (Live Coverage)The Dow Jones Index reversed lower Thursday after Trump tariff news. But Dow stocks Apple stock and Nvidia rose.
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