Asian markets rise; chip maker TSMC rallies on outlook upgrade

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Asian shares were higher Friday after technology companies powered the biggest gain on Wall Street since March.

All major regional indexes advanced, with Tokyo gaining 1.4%.

Taiwan shares
TW:Y9999
jumped 2.2% on news that computer chip maker TSMC upgraded its profit outlook.

TSMC
TW:2330,
the world’s biggest chip maker, climbed 4.4% after its CEO confirmed reports it plans to open a joint venture semiconductor fabrication plant in western Japan with Sony Corp.
JP:6758.

Tokyo’s Nikkei 225
JP:NIK
added more than 400 points and the Hong Kong’s Hang Seng
HK:HSI
climbed 0.8%. In Seoul, the Kospi
KR:180721
advanced 0.9%.

The Shanghai Composite index
CN:SHCOMP
picked up 0.3%, while the S&P/ASX 200
AU:XJO
in Australia gained 0.5% to 7,340.70. Stocks slipped in Indonesia
ID:JAKIDX

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