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Asian Markets Plunge as Default Worries Loom, Nvidia Strengthens Chip Manufacturing Stocks

Most Asian stocks fell on Thursday as fears of a U.S. debt default persisted amid little progress towards raising the debt ceiling. Chipmaking stocks, however, outperformed tracking a robust outlook from Nvidia. Japan’s Nikkei 225 index rose 0.6%, supported chiefly by a 16% jump in semiconductor testing equipment maker Advantest Corp. Gains in other chipmaking stocks, such as wafer maker SUMCO Corp.