Apple's Premarket Surge

In a surprising turn of events, Apple Inc. shares experienced a significant 5.73% increase in premarket trading, reaching $209.51 per share. This surge came after President Donald Trump announced the exclusion of smartphones and semiconductors from the proposed 145% trade duty on Chinese goods.

Investor Relief

The decision to exempt these technological devices has alleviated fears among investors regarding potential price hikes for Apple's products, a significant portion of which are manufactured in China. This move is seen as a positive development for the tech giant, which has been navigating the complexities of international trade tensions.