Japan's Nikkei rises as iPhone-related stocks jump

(Adds comments, updates share prices)
As of
The broader Topix had risen 1.45% to 2,502.86.
"The market is still swayed by various headlines," said
"And none of them are good enough to encourage investors to take their positions confidently."
U.S. President Donald Trump's administration granted
exclusions from steep tariffs on smartphones, computers and some
other electronics imported largely from
However, both Trump and U.S. Commerce Secretary
Trump had announced hefty reciprocal tariffs on dozens of
countries on
A 10% blanket duty on almost all U.S. imports remains in effect.
The Nikkei had declined 4.23% since what Trump called "Liberation Day", after posting huge swings last week. The sudden moves underscored investor anxieties as they tried to gauge the fallout from the U.S. trade policy.
Still, shares of smartphone and chip-related shares rose on Monday.
Of more than 1,600 stocks trading on the
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