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Asian tech stocks surge as U.S.-Iran cease fire ease Hormuz disruption worries

Apr 08, 2026 06:47 UTC

Shares of Asian tech and semiconductor comoanies surged on the news that the U.S. and Iran agreed to a conditional two-week ceasefire..

  • In this article Asian technology and semiconductor stocks surged on Wednesday after the U
  • S
  • and Iran agreed to a conditional two-week ceasefire that includes a temporary reopening of the Strait of Hormuz

In this article Asian technology and semiconductor stocks surged on Wednesday after the U.S. and Iran agreed to a conditional two-week ceasefire that includes a temporary reopening of the Strait of Hormuz. The news sent major indexes in Asian markets soaring, with chipmakers — which are highly sensitive to global trade flows and energy costs — leading the rally. Taiwan Semiconductor Manufacturing Company, the world's largest contract chip manufacturer, was up 4.84%. China's leading contract chip manufacturer,Semiconductor Manufacturing International, jumped more than 10%. Japanese semiconducto

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