President Donald Trump stunned markets Wednesday by announcing 100% tariffs on imported semiconductor chips — but major chip stocks rallied. Taiwanese chip giant TSMC's stock closed 4.9% higher. In South Korea, Samsung Electronics ended 2.5% higher while SK Hynix reversed losses of over 3% in early trade to close 1.4% up.

AMD earnings beat expectations but China semiconductor sales are difficult to predict, the president has candidates to reshape the Fed, and more news to start your day.

TSMC exempted from chip tariffs as it has set up plants in the US, says Taiwanese official, hours after US president vows 100% tariffs on foreign-made semiconductors, according to Bloomberg - Anadolu