October 20, 2021
Markets

Asian markets rise; chip maker TSMC rallies on outlook upgrade

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…

Read full article here: www.marketwatch.com