KUALA LUMPUR: Malaysian technology stocks continued their upward momentum for a third consecutive day on Monday, boosted by the US decision to exempt key consumer electronics and semiconductors from new tariffs.
Following the announcement over the weekend, the Bursa Malaysia Technology Index surged as much as 5.4%, reflecting renewed investor confidence in the sector.
Leading the gains was Inari Amertron Bhd (KL:INARI), a major semiconductor services firm, which jumped 17 sen or over 10% to RM1.83, making it the biggest mover on the index.
The US exemption—temporarily sparing smartphones, computers, and other popular electronics from a fresh wave of tariffs—has provided much-needed relief to Malaysian firms with exposure to global supply chains and US consumer demand.
