market report - asian tech shares rise

Anna Chan:
Asian shares mostly rose Friday, cheered by technology sector optimism.

Intel's share gain overnight boosted Japanese tech stocks like Advantest.

The Nikkei climbed, also aided by Fast Retailing, which hiked its full year profit forecast by 10%.

Even Mizuho Financial revised down its net profit forecast. That came after it wrote down $3.9 billion in sub-prime related trading losses at its brokerage gained on the day.

Takeda Pharmaceutical declined, after its $8.8 billion acquisition of U.S. biotech company Millennnium.

In Seoul chipmakers like Hynix and Samsung Electronics gained, while the KOSPI advanced.

Taiwan's main index rose to a 5-month high, lifted by cellphone shares such as HTC.

In Australia shares dipped for a fourth straight session, as falls in oil and metals prices pressured resource firms like Woodside Petroleum.

Oil retreated after testing a record high above $112 a barrel.

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