New Delhi, April 14 -- Asian markets traded higher on Monday after US President Donald Trump announced a pause on tariffs on some consumer electronics. Japan's stock market indices climbed led by chip-related stocks, while markets in South Korea also traded higher.

The Trump administration has exempted consumer electronics such as smartphones, computers, and other electronics from its reciprocal tariffs. The development led to a rally in chip gear makers and chip-related stocks in Japan.

Japan's Nikkei 225 Stock Average gained as much as 2.2% to 34,325.59, while the Topix Index advanced as much as 2% to 2,515.53. Shares of Advantest Corp., Screen Holdings Co. and TDK Corp. were among Nikkei's top performers, all rising more than 4%.

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