Euro zone bonds rise as fears over tariffs on Chinese electronics ease

Shares in Asian tech companies that supply Apple rise 

Euro area government bond yields rose on Monday, after falling on Friday. Earlier on Monday, shares in Asian tech companies that are major suppliers to companies like Apple rose. (AP Photo/Seth Wenig)

Euro area government bond yields rose on Monday, after falling on Friday, as possible exclusion for Chinese electronics from steep US import tariffs eased fear about the adverse impact of US trade action on the global economy.

The US exempted smartphones and computers from what it called "reciprocal" tariffs, providing a potential reprieve for major technology firms. However, US president Donald Trump said levies would be likely at some point.