Bitcoin (BTC) is flat since the Eastern Asia markets are opened during the week, which are quoted above $ 84K, since the White House has mixed messages on semiconductor and technology component fees.
During the weekend, the Secretary of Commerce Howard Lutnick said that the White House decision to exempt elements such as smartphones, computers and the semiconductors that drive them from tariffs was a temporary measure.
President Trump later confirmed it at a press conference, stating that the rate would be announced next week, but there would be some “flexibility” on the matter.
“The market saw a material rebound as the popular categories of consumer electronics were exempt from the 125% tariffs in China,” said BTSE Director of BTSE Jeff Mei A Coindesk in a telegram message. “Even after Trump mentioned that they would simply move to another cube of tariffs instead of completely exempted, the markets maintained their profit amid the rumors that business leaders could convince the Trump administration to go back some of their highest rates.”
“From our side, we believe that there will be challenges to remove China’s global supply chains during the night and that the manufacture of low -end margin will probably change to other Asian countries after they correct the trade agreements. That said, we believe that this demonstration looks temporary and that the markets will continue to be volatile in the short term,” Mei added.
Meanwhile, China has announced its own tariffs on semiconductors, reaching American origin chips with a 34%tariff. However, China tells the origin as where the chip was manufactured, not designed.
Like most Chips companies, such as AMD and Nvidia, they do not operate their own manufacturers and instead trust Taiwan, which China tells how their own territory, TSMC, would be effectively exempt from these rates.
Analysts in China recognize short -term interruptions of semiconductor rates, but in general they see them as an opportunity to accelerate national innovation, location and restructuring of the supply chain, which finally benefits the semiconductor industry of China in the long term.
Local media in Taiwan report that TSMC is accelerating the construction of another FAB in Arizona to be able to provide more chips manufactured in the US. UU. As a cloud of uncertainty hangs on the sector.
Within China, capital merchants seem to be waiting for the news of final rates to make their next movement.
The SSE compound index of Shanghai has increased by 0.8%, while SZSE with Shenzhen technology has increased 0.9%. HANG Kong Hang Sang increased by 2.4%.
In another part of Crypto, the Bosera Ether Ether of Hong Kong has been approved to offer rethinking services. This occurs after the city market regulator, the Securities and Future Commission, issued a guide to offer rethinking services in Hong Kong.
The Bloomberg Etf Eric Balchunas analyst said in X that the market has not led Ether Etfs very kindly. The best performance ETFs in the market, they wrote, have been the ones that are short ether ETF.
Ether has dropped 47% during the last year, according to Coendesk market data, while Coudek 20 has increased by 14%.
