But shares in TSMC, the world's largest contract chipmaker have slipped, after US President Donald Trump said he would announce a tariff rate on imported semiconductors over the next week. He did add however, that there would be flexibility on some companies in the sector.

China’s exports surged last month in a sign of a rush to dispatch shipments before Donald Trump’s “liberation day” tariffs triggered a full-blown trade war between the world’s two largest economies. Exports rose 12.

Massachusetts Democratic Senator Elizabeth Warren described the confusion about shifting tariff rates and how smartphones and computers were spared from reciprocal tariffs as “chaos and corruption.”

"This is not a permanent sort of exemption," Commerce Secretary Howard Lutnick said of Trump's tariff carve-outs for tech products.

The dollar drifted lower on Monday as an early bump off a three-year low fizzled, with markets spooked by the stream of tariff-related pronouncements from U.S. President Donald Trump that last week shook investor confidence in the world's reserve currency.

The U.S. dollar found some support on Monday but remained near a three-year low after a volatile week driven by President Donald Trumps shifting tariff policies. Markets remain on edge as Trumps abrupt imposition