Asian markets rise; chip maker TSMC rallies on outlook upgrade

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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.

Taiwan shares Y9999, +2.23% jumped 2.2% on news that computer chip maker TSMC upgraded its profit outlook.

Tokyo’s Nikkei 225 NIK, +1.32% added more than 400 points and the Hong Kong’s Hang Seng HSI, +0.83% climbed 0.8%. In Seoul, the Kospi 180721, +0.91% advanced 0.9%. On Thursday, the S&P 500 SPX, +1.71% jumped 1.7% to 4,438.26 as a wave of buying gained momentum from a day earlier, when the market broke a three-day losing streak.

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