Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China.
Shares in Foxconn, Apple’s largest iPhone assembler, gained around 4% in Monday morning trade, with contract laptop maker Quanta up 7% and Inventec – which also makes artificial intelligence servers – rising 4%.
The broad index was up around 1%.
However, shares in TSMC, the world’s largest contract…