Asian equities rose on Tuesday despite the US announcing fresh restrictions on exports of semiconductor manufacturing equipment to Chinese companies.
The region’s largest chipmakers, which have significant business from China, were mixed. Taiwan Semiconductor Manufacturing Company rose 1.9 per cent. SK Hynix rose 3.7 per cent and Samsung Electronics edged down 0.2 per cent.
China’s CSI 300 underperformed the region as some of its technology companies fell.
Naura Technology Group, a partly state-owned chipmaker, contributed the most to the index’s decline as it fell 4 per cent after being added to the US entity list. Dawning Information Industry, which manufactures supercomputers, dropped 4.5 per cent.
