Japan’s Nikkei share average traded higher early on Monday as iPhone-related shares jumped after the U.S. administration granted exclusions from steep tariffs on smartphones and other electronics imported largely from China.
As of 0030 GMT, the Nikkei had gained 2% to 34,267.97. The broader Topix was up 1.87% at 2,513.03.
U.S. President Donald Trump’s administration granted exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China, providing a big break to like Apple that rely on imported products.