By Chen Shiyin
July 16 (Bloomberg) -- Asian stocks rose, led by chipmakers, after Intel Corp. forecast sales that topped analysts' estimates.
Samsung Electronics Co., Asia's largest chipmaker, climbed the most in two weeks in Seoul and Hynix Semiconductor Inc. advanced for the first time this week.
The MSCI Asia-Pacific Index was little changed at 130.02 at 9:27 a.m. Tokyo time, with about three stocks rising for each that declined. The benchmark, which dropped to its lowest since November 2006 yesterday, has lost 18 percent this year.
Japan's Nikkei 225 Stock Average gained 0.3 percent to 12,796.01. Benchmark indexes also rose in Australia and South Korea.
U.S. stocks dropped yesterday, sending the Standard & Poor's 500 Index to the lowest since 2005, after a drop in crude-oil prices dragged down energy shares and investors lost confidence in the government's plan to rescue Fannie Mae and Freddie Mac.
More than $11 trillion has been wiped off the value of global equities this year as about $415 billion in credit-related losses prolong the global economy's slump and rising commodity prices stoke inflation.
To contact the reporter for this story: Chen Shiyin in Singapore at schen37@bloomberg.net
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