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Tech rally lifts European shares as Trump eases China tariffs on key electronics

The pan-European STOXX 600 was up 1.6% by 0709 GMT, after registering its third consecutive week in the red on Friday. Weeks of back-and-forth over tariffs have rattled global markets, dragging the benchmark index down roughly 12% from its record closing high. Shares of chip-related companies Infineon, ASML, and BE Semiconductor rose between 3.5% and 4.5%.

The pan-European STOXX 600 was up 1.6% by 0709 GMT, after registering its third consecutive week in the red on Friday. Weeks of back-and-forth over tariffs have rattled global markets, dragging the benchmark index down roughly 12% from its record closing high.

Shares of chip-related companies Infineon, ASML, and BE Semiconductor rose between 3.5% and 4.5%.

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