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EV Tie-Ups, Chip Results Drive Asia Stock Gauges to New Highs Jan 08 2021, 10:41 PM January 08 2021, 2:50 PM January 08 2021, 10:41 PM (Bloomberg) The latest news of global tech giants collaborating on electric vehicles, plus results from some of the world’s biggest semiconductor makers, helped drive Asian stock indexes to record levels on Friday. (Bloomberg) The latest news of global tech giants collaborating on electric vehicles, plus results from some of the world’s biggest semiconductor makers, helped drive Asian stock indexes to record levels on Friday. The regional benchmark MSCI Asia Pacific Index rose 1.6% to a new high, with chip giants Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. the biggest boosts after business updates. Samsung also helped drive South Korea’s Kospi up nearly 4% to a record, while TSMC powered Taiwan’s Taiex to an all-time high as well.

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