Stock Track | Logitech Surges 5.66% Pre-market as U.S. and China Suspend Tariffs

Stock Track05-12

Logitech International SA (LOGI) shares soared 5.66% in pre-market trading on Monday, following news that the United States and China have agreed to suspend most tariffs on each other's goods. This development has sparked a rally in European technology stocks, with Logitech being one of the significant beneficiaries.

The agreement between the U.S. and China comes as a result of trade negotiations held in Switzerland. The suspension of tariffs is expected to ease trade tensions and potentially boost the global technology sector, which has been particularly vulnerable to trade disputes between the world's two largest economies.

The positive sentiment is not limited to Logitech alone. Other European tech stocks are also experiencing significant gains. Dutch semiconductor equipment maker ASML rose 4.6%, while its smaller peers ASM International and BE Semiconductor Industries gained 6.8% and 5.9%, respectively. Chip makers Infineon and STMicroelectronics both saw increases of more than 6%. This broad-based rally underscores the far-reaching impact of the U.S.-China trade agreement on the technology sector.

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