Asia shares high after tech companies boost profit outlook

Asian shares high on Friday after technology companies powered the biggest gain on Wall Street since March in 2014.

Taiwan shares Y 9999, rose 2.2% on the news that PC chip maker TSMC upgraded its profit outlook.

TSMC 2330, the world's biggest chip maker, gained 4.4% after its CEO confirmed reports it plans to open a joint venture semiconductor fabrication plant in western Japan with Sony Corp. 6758 and Hong Kong - Hang Seng HSI added more than 400 points and Tokyo's Nikkei 225-NIK, 0.8% climbed. The Kospi 180721, in Seoul, advanced 0.9%.

The Shanghai Composite Index SHCOMP. gained 0.3%, while the S&P ASX 200 XJO gained 0.5% to 7,340 in Australia. Stocks gained in Indonesia JAKIDX, but slipped in Singapore STI. On Thursday, the S&P 500 SPX rose 1.7% to 4,438. 26, when a wave of buying gained momentum from one day earlier, when the market broken a three-day winning streak.

Dow Jones Industrial Average DJIA, rose to 34,912 in a 1.6% increase. 56 and the tech-heavy Nasdaq COMP, climbed 1.7% to 14,823. Bond yields edged lower. The yield on the 10 year Treasury fell to 1.52% from 1.55% late Wednesday.

In electronic trading on Friday, U.S. benchmark crude oil gained 44 cents to $81.75 per barrel in other trading on the New York Mercantile Exchange. It jumped 87 cents to $81.31 per barrel on Thursday.

Brent crude BRNZ 21, the standard for international pricing, added 49 cents to $84.49 a barrel.

The USDJPY, was increased on Thursday to $1.92 Japanese yen from $33.67 yen in the US-pound.