Stock market today: Asian shares mostly rise after Wall Street rebounds led by tech stocks

[ad_1] TOKYO (AP) — Asian shares mostly rose Friday, helped by optimism about technology shares following a Wall Street rally led by big tech stocks. Japan’s benchmark Nikkei 225 added 0.8% to 36,283.49. Australia’s S&P/ASX 200 jumped 1.3% to 7,688.10. South Korea’s Kospi surged 2.2% to 2,596.79. Hong Kong’s Hang Seng added 0.8% to 15,685.21,…

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Microchip Technology Expects Dour Q4 Net Sales as Customers Deal With Excess Inventory

[ad_1] (Reuters) – Chipmaker Microchip Technology forecast fourth-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers as they clear excess inventory. Shares of the Chandler, Arizona-based company fell more than 3% in extended trading. Demand for auto chips has been slowing as customers are dealing with excess inventory, hitting chipmakers…

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Mississippi House approves mobile sports betting 

[ad_1] The state House on Thursday approved legislation to legalize mobile sports betting, putting Mississippi on track to join a growing number of states to legalize a form of remote gaming.   The measure passed the GOP-controlled House by 97-14, and it now heads to a Senate committee for consideration before becoming law.  House Gaming Committee…

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