Global technology stocks rallied after the U.S. exempted electronics, including smartphones and computer hardware, from reciprocal China tariffs. Apple shares jumped 3.5%, while HP and Dell surged 3.5% and 5.7% respectively. However, market optimism remains cautious as President Trump pledged new semiconductor tariffs within days. The White House's exemptions cover 20 categories, including computers, memory chips, and displays. Asian suppliers like Foxconn saw significant gains, rising 3%. Analysts warn that policy fluctuations continue to create business uncertainty, though the exemptions provide companies more time for strategic planning.