TOKYO -- Investors worldwide are becoming more selective because of U.S. President Donald Trump's tariff policies, with those stocks considered to be "tariff-free" gaining big.
About one month after the U.S. announced "reciprocal" tariffs on many countries, companies regarded as less affected by the levies -- like those working on artificial intelligence and content development -- have seen notable increases in market capitalization. In contrast, investors are shifting away from China-related stocks and energy companies, which are seen as more vulnerable to the tariffs.

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