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Tech Up as Trade Hopes Buoy Semiconductor Cos -- Tech Roundup

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08/13/2019 | 05:00pm EDT

The technology sector rallied after an apparent de-escalation of the trade battle.

The PHLX Semiconductor Index, or SOXX, comprised of the chip makers considered the most vulnerable to interruption of trade between the U.S. and China, rose by almost 3% on the session.

Chinese e-commerce site JD.com shares surged after the company posted revenue growth ahead of Wall Street targets.

Contract electronics maker Foxconn Technology Group's said second-quarter profit fell as Apple, continues to struggle with weak iPhone sales. Trade tensions may hamper Apple's efforts to launch an iPhone on the so-called 5G network next year, The Wall Street Journal reported.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
APPLE -0.08% 212.46 Delayed Quote.34.80%
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