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Asian equities rose Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States would be exempted from a threatened 100% tariff on semiconductors.
The advances built on a strong lead from Wall Street and extended the previous day’s rally fuelled by hopes the Federal Reserve will cut interest rates next month.
A day before sweeping tariffs were due to come into effect on dozens of countries, the president said: “we’re going to be putting a very large tariff on chips and semiconductors”.
He added that…
