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Asia markets mostly rise as Taiwan and India stocks hit new record highs

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Japan's exports grew 13.5% year-on-year compared to a 13% increase expected by economists polled by Reuters, while imports grew 9.5%.

Asia-Pacific markets mostly rose, with the Taiwan Weighted Index crossing the 23,000 mark to hit an all-time high.

Traders in Asia assessed Japan's trade data for May, which showed exports grew 13.5% year on year, while imports grew 9.5% during the same period.Shares of the chipmaker jumped 3.5% overnight on Wall Street and have surged 174% since the beginning of the year. Investors in Asia assessed Japan's trade data for May, with exports beating expectations. Exports grew 13.5% year on year compared with a 13% increase expected by economists polled by Reuters. Imports growth of 9.5%, however, missed expectations of a 10.4% increase.

Investors also digested the Reuters Tankan index reading which showed business confidence among large Japanese manufacturers fell to +6 from +9 in May. On the flip side, business confidence among non-manufacturers climbed to +31 from +26 in May.Other South Korean tech stocks also rose, with LG Electronics jumping 4.13%, while SK Hynix climbed more than 3%. The small-cap Kosdaq reversed earlier gains to fall 0.28%.

The China Securities Regulatory Commission said it would publish new measures to deepen the reform of Shanghai's tech-heavy STAR market,reached new highs, gaining 1.81% to cross the 23,000 mark as heavyweights Hon Hai Precision Industry and Taiwan Semiconductor Manufacturing Corp, gained 4% and 2%, respectively.

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