HONG KONG, April 14 (Reuters) - China and Hong Kong stocks rose on Monday as U.S. tariff exclusions for some electronics products from President Donald Trump's reciprocal tariffs on China lifted tech shares, although the chip sector was weighed down by national security concerns.
China's blue-chip CSI300 Index .CSI300 climbed 0.6%, while the Shanghai Composite Index .SSEC gained 0.8% in early trade, after losing 2.9% and 3.1% last week, respectively.
Hong Kong benchmark's Hang Seng .HSI climbed 2.5% after an 8.5% loss last week. The Hang Seng Tech Index .HSTECH added 3%.
Trump's administration granted exclusions from steep tariffs on smartphones, computers and other electronics imported largely from China, while indicating these goods will come under separate tariffs, along with semiconductors, that may be imposed within a month.
China's Apple suppliers jumped on the temporary relief. The CSI Electronics Index .CSI930652 jumped 0.7% in early trade. Apple's main assembly partner Foxconn Industrial Internet 601138.SS rallied 1.7%, and acoustic components manufacturer Goertek 002241.SZ jumped 3.1%.
The CSI Semiconductor Index .CSI931865 declined as much as 0.9% after Trump said that chips from China will face national security probe.
The news of the exemption "fuels expectation of potential improvement in trade relations, and even the prospect of trade negotiations," said Li Shuding, an investor adviser of Galaxy Securities.
He added that March loan data was better than expected, and "we expect intensive roll-out of policies" to support the economy.
(Reporting by Jiaxing Li in Hong Kong and Shanghai Newsroom; Editing by Jacqueline Wong)
((jiaxing.li@thomsonreuters.com; +852 63358304))
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