Asian tech stocks rose on Tuesday after U.S. president Trump paused tariffs on Mexico and postponed tariffs on Canadian exports, leading to gains in Japan, South Korea, and Hong Kong. Japanese tech stocks like Advantest and Lasertec surged, while South Korean stocks including Samsung Electronics and SK Hynix also traded higher. Chinese tech companies like Tencent, Meituan, BYD, Xpeng, and Li Auto saw gains, as did AI-linked stocks Alibaba and Kingsoft Cloud, despite looming U.S. tariffs on China. The rally in Asian tech stocks followed a rebound from recent losses and signals of potential trade negotiations between the U.S. and China.
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