Asian tech stocks, particularly Apple suppliers like Foxconn and Quanta, surged following the U.S. government’s temporary tariff exclusions on key electronics. While analysts see this as a positive step for tech companies and China negotiations, uncertainty remains. Trump hinted at future semiconductor tariffs, causing mixed reactions among chipmakers like TSMC and SK Hynix, as the market awaits further details.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of