Shares in European tech stocks rose on Monday after the U.S. granted exclusions from tariffs for smartphones, computers and some other electronics imported largely from China.
"We believe that the removal of the worst-case scenario is an element of support (at least temporarily) for the sector," analyst Alberto Gegra of Equita said in an email.
It helps to avoid a total block of supplies to the U.S. due to tariffs on China exceeding 100%, Gegra said.
Europe's chipmakers supply key chips to the smartphone and personal electronics industry, while computer chip equipment makers, like ASML, are now excluded from Trump's 10% "baseline" tariffs into the U.S.
Apple's shares surged over 6% at one point in Frankfurt. Other U.S. tech stocks listed in Frankfurt were also higher with Nvidia rising more 3%, and Dell Technologies up 6.3%.
Still, uncertainty remains high. U.S. President Donald Trump said on Sunday he would announce levies on imported semiconductors and the whole supply chain over the next week.
U.S. Commerce Secretary Howard Lutnick also said on Sunday that the exempted electronics would face separate new duties along with semiconductors within the next two months.
Europe's tech index was up 2.8% following its nearly 10% drop over the past six trading sessions.
Stocks like computer peripherals maker Logitech jumped around 7%, while Europe's largest company by market capitalisation, SAP rose 2%.
Nasdaq futures gained 1.6% in early European trading.
