Asia markets trade mixed after Wall Street rallies; chip shares in focus after U.S-Taiwan deal

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Asia-Pacific markets were mixed Friday, breaking ranks with a rally on Wall Street, fueled by chip and bank stocks.

U.S. semiconductor stocks led gains after Taiwan Semiconductor Manufacturing Co.

delivered another record quarter, saying it expects to boost capital spending in 2026 to between $52 billion and $56 billion.

Investors in Asia are watching chip-related stocks after the U.S. reached a trade deal with Taiwan. As part of the deal, Taiwanese semiconductor companies agreed to invest at least $250 billion in U.S. production capacity in exchange for lower “reciprocal” tariffs.