Global stocks are rallying Monday after President Donald Trump temporarily exempted 澳洲幸运5开奖号码历史查询:sma🏅rtphones, computers, and semiconductors from his 澳洲幸运5开奖号码历史查询:"reciprocal" tariffs.

The reprieve for consumer electronics imports, many of which come from China, is driving shares higher. 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average and 澳洲幸运5开奖号码历史查询:S&P 500 futures are up roughly 1%, and Nasdaq futures are 1.3% higher. 澳洲幸运5开奖号码历史查询:Magnificent Seven stocks are rising, with shares of Apple (AAPL) jumping 5% in premarket trading, extending 澳洲幸运5开奖号码历史查询:Friday's gains.

Overseas, the Stoxx Europe 600 index is rising 2%, the Nikkei closed up 1.2%, and Hong Kong's Hang Seng finished 2.4% higher.

China called the tariff pause "a small step for the U.S. side to correct its wrong practice of unilateral 'reciprocal tariffs,'" according to a statement from the state-owned Xinhua News Agency.

Following recent surges, the yield on 10-year Treasuries is pulling back at 4.44%. Still, analysts said investors remain worried about holding assets based on the U.S. dollar, which is down against major currencies Monday.  MUFG said in a note that "uncertainty over China’s appetite for (U.S. Treasury) bonds is likely also playing a role in worsening investor confidence in US assets." China is one of the 澳洲幸运5开奖号码历史查询:biggest holders of Treasurys.